People often forget why corporate governance is important regardless of whether your company is making profits or not. The operational benefits are what makes the importance of corporate governance go beyond just the profitability factor. How you balance and bring equilibrium among all your stakeholders be it related to the community that is connected to the brand or the shareholders and managements of the company.
To deep dive into what is corporate governance, would require a longer format and a seminar of sorts that would explain why especially now at this point where the economic standing of the country is as sensitive as it could be. But it is alarmingly clear that when bad decisions are made that are a direct consequence of bad corporate governance, it affects the firm’s financial health in the long run.
A corporate governance structure that is reliable and healthy showcases all stakeholders and their objectives aligned together. Merely being profitable is not enough for a corporate entity because being profitable is more often than not the result of goodwill work on the product they’re putting in the market. For this reason a corporate has the same responsibility towards good citizenship as any citizen would, maybe more due to the resources at hand.
Quantum Auditing provides adequate advisory services based on their years of experience dealing within the finance and auditing industry within Bahrain and parts of UAE, on top of their industry knowledge and expert professionals onboard. The basis of all their services is integrity and objectivity combined with providing the best possible solution to the clients’ problems and agenda. Their work is largely customized according to personal client objectives and the case of the clients because every profile and requirement can not be exactly the same, therefore the specialized advisory helps create a personalised solution to each client.