Corporate Governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It encompasses the mechanisms through which organizations, particularly corporations, are operated and managed, ensuring accountability, fairness, and transparency in a company’s relationship with its stakeholders, including shareholders, management, customers, suppliers, financiers, government, and the community.
Corporate governance involves various structures and processes, including the roles of the board of directors, executive management, and shareholders. Key principles of corporate governance include the establishment of clear roles and responsibilities, ethical conduct, effective risk management, and compliance with legal and regulatory requirements.
Effective corporate governance is expected to enhance corporate performance and contribute to the sustainability of the company, providing a framework for making decisions that balance the interests of all stakeholders while promoting long-term success.
A senior executive from TV Asahi misappropriated approximately 5.17 million yen and engaged in verbal misconduct, highlighting serious ethical breaches. The company responded with disciplinary actions, including demotion and financial…