How to Improve the Corporate Environment

How do we improve or operationalise the environment for good governance.
*The parliament along with professional associations should encourage principles for good governance and monitor compliance. This will provide a good example for Corporates to implement proper structures for good governance.
*Professional associations including all accounting bodies should raise awareness and monitor and reward good corporates.
*business journalists, magazines and newspapers should encourage good principles and name & shame the bad ones. BUSINESS TODAY ranked the top companies for 2011 and 2012 in their magazine.
*The corporate sector and the Chambers of commerce should invest in training and development of directors. The SLID in Sri Lanka has been doing this for the past year.
* The SEC and the Registrar of Companies should strengthen their processes to prevent malpractices.

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About surenraj

“Views expressed are my own”
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