Empirical Data Analysis of UK Companies Coursework

Empirical Data Analysis of UK Companies - Coursework Example inability has been recognized by the companies operating globally, but the performance to purely be integrated into the strategy and operations as per the standard requires embedment of the standards and principles of the primary governance systems. Successfully embedding sustainability into the governance of a company requires selection of a right mix of issues, and placing the strategic direction of an organization with strategic social and environmental goals, and ensuring that the mechanisms taken by the government understand and perform well so as to reach the focus. So as to create sustainability a company tries to focus on risk and legal issues, individual competencies, finances, management structures, independence, and leadership. Boards of Directors are a significant component of governance structures and with the help of other governance mechanisms helps to bring about sustainable development (Mullerat, 2011, p-6). Boards have the ability to lead all the decisions taken wit h integrity; they possess the appropriate skills to undergo any difficult decisions and manage risks undertaken (Tayan and Larcker, 2011, pp. 8-9). Proper Implementation and maintenance of good governance facilities help in making decisions and improves the strategy taken by the organization, improves compliance, performance, and accountability, and is often characterized by evaluation, analysis, and monitoring. Effective and efficient corporate governance helps an organization to achieve its desired outcomes and objectives, and accomplish its obligations through the following- Successful corporate Governance also helps to provide a framework for establishing responsibility to the people served by the organization, i.e., its members, clients, and different stakeholders (Grobfeld and Luttermann, 2012, p. 331). Clear strategy- Good Corporate Governance starts with an apparent strategy for the organization.