CORPORATE GOVERNANCE IN CURACAO
Lessons for the government
1. Why is good corporate governance necessary?
Basically, corporate governance is about the structures and processes for the direction and control of a company.
Corporate governance is intended to increase the accountability of a company and to avoid massive disasters before they occur. It is held that good corporate governance helps companies operate more efficiently, improve access to capital, mitigate risk and safeguard against mismanagement.
According to the International Finance Corporation of the World Bank Group:
It makes companies more accountable and transparent to investors and gives them the tools to respond to legitimate stakeholder concerns …
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