Corporate Governance: Corporate Governance ✍️ Professor: Fikri Kabbashi, Al-Amin Al-Arabi
The Organisation for Economic Co-operation and Development defines corporate governance as:
The system that guides and controls the actions of companies through:
Description and clarification of the rights and duties between the different parties in companies (Board of Directors – Shareholders – Traders – Employees).
Establish the rules and procedures necessary for making decisions related to the management of the company.
Set the objectives and the means available to achieve the company's objectives and monitor its performance
Rely on institutional work by setting up self-management, guidance and control systems.
Corporate governance has become one of the most important topics raised in the economies of countries around the world.
It is an important element in promoting economic and regulatory success and reform in light of globalization, the opening up of countries' economies to each other and intense competition.
Governance has also become a means of building confidence in a country's economy and evidence of the existence of fair and transparent policies and rules to protect investors and customers.
It is an indicator of the level achieved by the company's management in terms of professional commitment to the rules of good management, transparency and accountability, and the presence of procedures aimed at reducing corruption, thus increasing the attractiveness of the economy for local and foreign investment and its competitive capacity.
This leads us to demand the application of the concept of governance in Sudan after the end of this damn war and the progress towards reconstruction. In addition to what has been mentioned above, governance in today's world has become a means of building confidence in the economy of Sudan. any country and evidence of the existence of fair and transparent policies and rules to protect the state and citizens together. It is also considered an indicator to measure the level achieved by the various departments of all state institutions in terms of professional commitment to the rules of good management. , transparency and accountability and the presence of procedures aimed at reducing corruption and thus increasing the attractiveness of the economy for local and foreign investment and its competitive capacity…
Governance is therefore based on institutional work through the establishment of autonomous systems of management, direction and control. This requires accelerating the formation of governance councils, which at the same time represent the compass that governs the future direction. is the tip of the spear to achieve the objectives that I mentioned in the introduction.
Teacher: Fikri Kabbashi, Al-Amin Al-Arabi.
August 16, 2024 AD.
