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ARTICLE · 20 MAY 2021

Good Governance Part 3: The Importance

DiliTrust Canada Inc.
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Any time an organization runs into a problem, the board of directors is the center of attention.

CanadaCorporate/Commercial Law
DiliTrust Canada
DiliTrust Canada
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Any time an organization runs into a problem, the board of directors is the center of attention.

However, this is expected because the board is the sole determiner of the organization's activities. For this reason, demonstrating good governance is critical for the board.

The board of directors is in charge of the organizations' management strategy, professional expertise, and general affairs. Thus, the board is seen as accountable when problems inevitably arrive. Therefore, to shield the organization and the board from these complications, good governance principles are introduced. Despite the limitations to these measures' effectiveness, good governance is still essential for any organization that seeks to discharge its duties effectively.

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