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Volume 31, Issue 2

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Friday, 06 July 2018 15:42

3 Reasons Your Business Is Failing At Corporate Governance

And What You Can Do About It


With Audi’s CEO arrested for fraud, it’s time to shine the spotlight on corporate governance. Inexperienced leaders, confusion over the role of governance and a lack of commitment means that time and time again, we see the same mistakes made by companies across all industries. This article shares three mistakes companies make when managing corporate governance and how to overcome them.   

With the feedback we are seeing from the Global Governance, Risk and Compliance Trends Report 2018, more leadership teams are engaging with governance, risk and compliance than ever. The survey of more than 200 GRC professionals found 53 percent said leadership is engaged – an increase of 15 percent in the past year.

Why is a good corporate governance so critical for a successful business? For a start, businesses with highly advanced corporate governance spend considerably less on fixing mistakes, but they are also able to adapt faster, and they have a much better rate of employee retention.

Here are three reasons your business is failing at corporate governance and what you can do about it.