George Dallas - Better Governance - Issue 11
Better Governance: To Avoid Risks or to Create Value?
By George Dallas, MD and Head of Governance for Standard & Poors
Dallas shows that corporate governance should not be looked at as an external discipline that imposes costs, but rather as an internal discipline that adds value: It is about creating a corporate culture that embodies and implements core values and principles that enhance the quality and sustainability of a firm's future performance. He links governance in to corporate social responsibility by showing that having strong relationships with a broad base of non-financial stakeholders ultimately determines a company's ability to put profitable product into the marketplace.