GOVERNANCE is a key aspect in the check-and-balance process and is critical to the proper functioning of any organisation.
Governance is the third pillar of the environmental, social and governance (ESG) considerations, the concept of which began in 2004 when the then United Nations (UN) secretary-general Kofi Annan invited financial institutions to develop guidelines and recommendations on how to better integrate environmental, social and corporate governance into the financial sector, according to the Jeffrey Sachs Center on Sustainable Development at Sunway University.
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