The Manila Times

Is traditiona­l corporate governance structure enough?

- BEN TEEHANKEE Managing MANAGING FOR SOCIETY

ONE of the biggest problems - and no. Listing enables corporate leaders to access public funding - to ramp up its revenue and mar

leaders of the company are not the challenges and accompanyi­ng more customers exposes the company to more potential product quality and safety issues. A larger - tential labor complaints. A larger number of shareholde­rs brings - to authoritie­s.

the result can be headaches all around for all stakeholde­rs and gricultura­l products distributo­r - poration is an important case in point. The company had the because of public interest. The allure of a company that made a bil

But charges of bad corporate governance practices and regulatory violations hounded the eventual suspension in trading of charges may or may not ever be establishe­d but the damage for many investors and stakeholde­rs cannot be denied.

- buys company shares hoping for sure returns is in fantasylan­d. All that shareholde­rs can hope for is that the board and management of the com

structure of a company is based - resents the hope that a group of times a year and thereby effectivel­y activities of management for the good of the company and all its the classical model of corporate

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and managers of large corporatio­ns simply cannot process the informatio­n needed to navigate large corporatio­ns through risky parts of the company take too long to reach top management and ar if informatio­n reaches corporate and personal biases make timely and prudent decision-making very

future column.

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