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What is the importance of Corporate Governance in Supply Chain Management?

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تم إضافة السؤال من قبل Mollen Chareka , Supply & Logistics Specialist , UNITED NATIONS
تاريخ النشر: 2013/11/07
Adnan Ameen Bakather
من قبل Adnan Ameen Bakather , Founder & Managing Director , Consult & Perform

It is necessary to indentify and manage opportunities and risks associated with supply chains

Mohamed Zakariya Shafy Mohamed Rizwan
من قبل Mohamed Zakariya Shafy Mohamed Rizwan , Accountant , Landmark Group

Because CG ensures that our suppliers are free from child labour, expolitation, long work hours with low wage,etc... From the customer perspective its about CSR complaince where we care customer more than the money. 

Mollen Chareka
من قبل Mollen Chareka , Supply & Logistics Specialist , UNITED NATIONS

Corporate governance entails the system by which corporations are directed, controlled and the governing structures should specify the distribution of rights and responsibilities. Corporate governance is centred on corporate social responsibility. It ensures shareholder's profit maximisation and stakeholder satisfaction.

Due to a great increase in cases of product failure and product harm, corporate governance ensures corporate social responsibility is considered core to any business to encourage stakeholder satisfaction (Shareholders, customers and all other business stakeholders). In Supply Chain Management, corporate governance will greatly reduce cases of fraud, product harm crisis and corruption. Corporate governance encourages supply chain professionals to maintain integrity and transparency in all transactions.

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