Originally published by Charlie King on Sustainability Magazine
Sustainability leaders from Coca-Cola HBC, EY and IBM discuss how corporate governance plays into their ESG and wider sustainability strategy
Corporate governance arguably goes under the radar, but senior executives say that should not be the case.
So how is it defined?
Corporate governance is the internal system of practices, controls and procedures a company adopts to govern itself, make effective decisions, comply with the law and meet the needs of external stakeholders.
Jonah Smith, Vice President, Environmental, Social, Governance (ESG) Strategy and Programs at IBM, agrees: “For IBM, corporate governance is about creating innovations, policies and practices that prioritise ESG progress simultaneously with ethics, trust, transparency and – above all – accountability.”