Corporate governance consists of a system of principles and practices for the management and operation of a company that serve to protect and recognize the legal interests of all parties related to the company.
According to the Organization for Economic Cooperation and Development (OECD), corporate governance is a set of relationships between the company’s management, the Board of Directors, the shareholders and other stakeholders. Corporate governance provides a structure through which:
Finally, the increased transparency promoted by good corporate governance also results in optimal transparency in the overall operations of private enterprises, as well as public organizations and institutions.
HPPC, as a company operating in the public interest, maintains the highest standards for corporate governance and transparency, and conforms to best-in-class accounting, auditing and compliance processes.