The Rules and Principles of Corporate Governance

In the initial stage, usually one person, founder, and business. A series of rules is of course necessary at this stage, but the main challenge of not impairing family management is to unite the family and maintain their interests. After the second stage, this problem is clearly more important, as families / shareholders hardly understand each other and each has a different view of the business. Contrasting this vision invites confusion and ultimately leads to business destruction.

All participants of entrepreneurs, investors, directors, employees, and venture capital companies need to understand the basic principles of corporate governance. Through corporate governance, we usually refer to a system that manages and manages a company. Different rules and practices apply depending on the type of organization, ownership structure, company stage, investor base, size, geographical location, or industry. Therefore, adopting "unified" or "collective" approaches for governance usually does not work because the situation is important.

One of the most influential guidelines on corporate governance is the G20 / OECD Corporate Governance Principles, first published as OECD Principles in 1999, revised in 2004, revised in 2015, and approved by the G 20 . These principles are often cited by regional regulations and guidelines by developing countries. Under the work of OECD, other international organizations, private organizations, and more than 20 domestic corporate governance guidelines formed the United Nations Intergovernmental Expert Working Group (ISAR) on international accounting standards and reporting standards and provided guidance on good practice I am creating it. . Disclosure of Corporate Governance This internationally agreed benchmark includes over 50 different disclosure projects that fall into five broad categories.