Effective corporate governance helps to promote operations and improve the efficiency of production and business activities, ensuring transparency and fairness. It helps investors reduce risks and receive fair treatment, providing a foundation for competitiveness and reputation of the company. This, in turn, facilitates access to capital markets, develops financial markets, and promotes economic growth.
Corporate governance refers to the mechanisms, regulations, policies, and laws through which a company is directed, operated, and controlled across five aspects:
The corporate governance structure defines the rights and responsibilities of different members within the group, including shareholders, the Board of Directors, the Executive Board, the Board of Supervisors, and other related parties.