A Good Governance framework, corporate or otherwise, is a conceptual structure and a set of rules that outlines the way in which an organization is managed and controlled. It should be developed for all Governing Bodies to help maximize their potential to perform at an efficient level in pursuit of their objectives. This should be in conformity with their obligations and responsibilities with a view to balance the powers of those members who are chosen to govern, with their primary duty of enhancing the prosperity and viability of the organization.
Corporate Governance is a system which is to be followed to avoid scenarios leading to conflict of interest. A check system is essential to ensure that situations of conflict are effectively monitored and controlled.
In order to build a sustainable enterprise it is essential to understand the global benchmarks in corporate governance including OECD principles in a practical manner.
Legasis focuses on the common sense approach for strategy & regulatory requirements related to corporate governance, global benchmarks & need for implementation of the corporate governance structures through the strong establishment of policies and mechanisms, as well as a continuous monitoring of their proper implementation, by the members of the Governing Body of the organization.