Corporate Governance in Turbulent Times
Kishore Vaangal, PhD, Strategic Entrepreneur, Governance Professional and Ethicist, Ram Ram, India
The geostrategic trends all point to the fact that we are firmly entrenching ourselves in turbulent and tumultuous times, and without a doubt, it would be the seminal duty of boards to usher in a perceptive framework of corporate governance to handle the tumultuous and chaotic situations, and in this article, I would be using the exemplar of corporate social responsibility in the global oil and gas verticals to hone in on the dire need to have an astute corporate governance mechanism in order to usher perspicacious measures aimed at the protection of stakeholder interests! The creation of a good corporate governance mechanism would be a condition precedent to facing the future and handling the present - in essence it would have to be evolved astutely so that it would stand up to the tests put forth by these turbulent times.
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