Corporate governance is a control mechanism that an organization adopts to ensure that management acts in the best interest of both shareholders and stakeholders. A governance framework is not a standalone system: governance is shaped by its environment that consists of capital markets, the legal system, accounting standards and their reliability, enforcement of regulations as well as societal and cultural values. In governance, context is everything. A governance system that functions properly in Germany does not necessarily achieve the same result in the US. Therefore, nations around the world - such as the US, the UK, the Netherlands and Germany - developed diverse corporate governance codes to deal with the complex and dynamic system that is governance. These corporate governance models differ according to the variety of capitalism in which they are embedded.
“It is a mania shared by philosophers of all ages to deny what exists and to explain what does not exist.”Jean-Jacques Rousseau (28/06/1712 – 02/07/1778), French philosopher
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Together with the client, Van Clamsfield International Ltd. is committed to structuring the governance system in alignment with the fundamental strategy of the firm and the societal role of the firm to a diverse set of constituents.