In this sense, it is necessary to map all other potential crisis scenarios, such as the lack of investment in areas essential to the enterprise, control of regulatory standards and the carrying out of independent audits.
Even with transparent processes, another common practice that can lead companies to face serious problems is the lack of oversight.
Executives are often focused on establishing standards, rules and an internal culture that are in line with what has been established by good governance practices. However, if compliance with these processes is not monitored, there is no point in rigorously implementing these measures.
One of the cases that best illustrates the damage caused by the slovenia mobile database lack of transparency and oversight is the collapse of the Brumadinho dam in 2015. The tragedy that occurred in the municipality of Minas Gerais characterizes the maximum effects of non-compliance with compliance standards and laws that regulate not only the relations between companies and government , but all key social and economic actors.
It is worth noting that failure to comply with regulatory standards, even for very different reasons - from ignorance of current laws to corruption itself - will result in legal consequences and, most likely, the consequences will be enough to undermine the company's reputation for many years. That is, in the best-case scenario.
Even if they manage to stay in operation, many businesses fail to regain the trust of partners and investors . More often than not, they end up facing constant challenges to regain some legal security, losing business value and harming their relevance in the market.
So, after checking the most frequent problems of ineffective corporate governance, we can have some ideas about how technology can be important for the transparency and efficiency of operations.
All companies today rely on technologies such as blockchain , artificial intelligence and big data . The point is to use them to increase the transparency of their operations, ensuring that relevant information is shared securely and reliably with the stakeholders involved.