Corporate Governance:
We, Mufti Limited always follow and maintain good corporate governance, Good corporate governance key to better Business. The corporate governance refers to a system of rules, practices, and processes by which a company is directed and controlled. There are four pillars of corporate governance: Accountability, fairness, transparency and responsibility. However due to different kinds of biases and self-centered concerns. A robust corporate governance frame work enhances
transparency, accountability and fairness in Business operations and creates investor’s confidence.
Sound corporate governance practices require the establishment of effective risk management systems and enable companies to identify, evaluate and manage risks effectively, contributing to their long-term sustainability and resilience.
Obviously, Strong corporate governance ensures that boards are accountable to shareholders and act in their best interests, it promotes a
culture of responsible impartial decision making, oversight and strategic planning, which are essential for long-term success of a company.
A Good strategic plan backed by strong corporate governance always leads an enterprise to long term sustainability and a prosperous future,
corporate governance safeguards the interests of all stakeholders, including employees, customers, suppliers and the wider community.
Eventually, a well-structured corporate governance frame work helps companies comply with laws, regulations and corporate governance codes.
This minimises legal and reputational risks and helps companies avoid penalties and sanctions. A lack of corporate governance measures can lead to reputational damage for a company. This damage can be long-lasting and have serious financial implications, including loss of revenue and legal costs.
Overall, the adoption and widespread progression of strong corporate governance practices in Bangladesh is essential for the sustainable growth and development of Businesses, attracting investment and creating a favourable Business environment.
