The contribution of non-executive committees for the effectiveness of corporate governance

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Autore: Tommaso Fornasari
Collana: puntOorg
Numero: 97
Anno: 2022
Pagine: 208
Lingua: Inglese

Disponibile

ISBN: 979-12-5976-486-7 COD: 979-12-5976-486-7 Categoria: Tag:

Descrizione

The ever-changing dynamics of production and consumption require businesses to adopt a dynamic approach to keep up with the constantly evolving demands of consumers. This means that companies must be able to quickly adapt to changing trends and needs, and be able to innovate and improve their products and services to stay competitive in the market.

Corporate governance plays a crucial role in regulating the relationship between a company and its stakeholders, including shareholders, employees, customers, and the wider community. Effective corporate governance ensures that the interests of all stakeholders are taken into account, and that the company operates ethically and responsibly.

One important aspect of corporate governance is the use of committees. These committees can include non-executive directors, audit committees, remuneration committees, and sustainability committees. These committees are responsible for providing oversight, advice, and recommendations to the board of directors, and help to ensure that the company operates in a transparent and accountable manner.

Sustainability is becoming an increasingly important pillar of modern corporate governance. Companies are expected to operate in an environmentally and socially responsible manner, and to consider the long-term impacts of their actions on the planet and society. Dedicated sustainability committees can help companies to identify and address sustainability issues, develop sustainability strategies, and report on their sustainability performance.

The fast-paced evolution of production and consumption requires businesses to be dynamic and adaptable, while effective corporate governance and the use of committees can help to ensure that companies operate in a transparent and accountable manner. Sustainability is a key aspect of modern corporate governance, and dedicated committees can help companies to develop and implement sustainable strategies.

 

Tommaso Fornasari is a research fellow in business administration at the University of Brescia, where he teaches cost accounting. His extensive research interests are diverse and include various key areas, such as corporate governance, diversity management, sustainability, corporate social responsibility, accounting, and circular economy. Author of numerous publication in international scientific journal of management and business economics.

Apart from his academic pursuits, he is also actively involved in providing sustainability advisory services to both private and non-commercial organizations. With his expertise in ESG issues, he is well-positioned to assist companies in creating more sustainable business practices that are in line with the latest industry standards and regulations.

Furthermore, his passion for ESG issues has led him to take the helm of several study groups that focus on researching and understanding the various challenges and opportunities presented by sustainability.

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