2. Dimensions of Corporate Governance

Corporate Governance aims to accelerate the organizational growth across various dimensions such as mentioned below:

The dimensions are further explained below:

• Organizational Risk Management

Organizational Risk Management means acknowledging and reducing risks that a business faces on a strategic, operational, reputational, and even financial level.

• Strategic Planning

It involves identifying and capitalizing on opportunities in the present time to set yourself up for long-lasting competitive advantages and future profit.

• Account and Disclosure

Accounting and disclosure as a dimension of corporate governance supports financial recordkeeping, as well as approve public stakeholder reporting including financial disclosures and sustainability reports.

• Management of Talent

For efficient management of talent, executives must be aware of how to attract, manage, retain and nurture the people and employees in the organization. It is sometimes also referred to as Human Capital Management.

• Succession/Transition Planning

Typically, succession planning means personnel managementThis is personnel management in its truest sense, but with the additionaladded objective of "future-proofing," especially at the leadership levels. This helps ensureto make sure that the organization has a solid "pipeline" for leadership.

In a broader sense, the corporate governance function encompasses an organization's capacity to operate ethically (i.e., in a way that is guided by moral values) and to demonstrate compliance with all legal and regulatory obligations.