Corporate governance is at the heart of phone code philippines building relationships with employees, investors or the board of directors. Maintaining a transparent system is key to building relationships and can be a competitive advantage, especially for suppliers. Companies that do not comply with corporate governance principles may be excluded from supply chains or other collaborations with counterparties that pay attention to sustainable management issues and are willing to comply with all ESG principles. These consequences can negatively impact financial results, directly affecting credit rating and access to capital.
Maintaining high-quality corporate governance can enhance a company's reputation, better manage risks, increase efficiency and even build relationships with a special group of customers, as well as brand . Quality corporate governance is reflected in factors such as professional management, the structure of the board of directors and management, and well-structured governance systems and processes.