4 Ps of Corporate Governance - Turning Rhetoric into Reality

Corporate Governance is an integrated framework whereby people formally organise themselves for a defined purpose, and they apply critical processes consistently to achieve predicted performance for sustainable development.

Much debated principles of corporate governance like independent directors, audit committees, control on related party transactions and Investor protection cannot ensure corporate sustainability and hence corporate governance has remained a rhetoric only far from reality.

Recognising the criticality of the theme, Life Development Foundation (LifeDF) has redefined corporate governance and developed a comprehensive Corporate Governance System Standard based on 4Ps (People, Purpose, Process and Performance) after an extensive research on world greatest organisations, large Indian corporates, statutory bodies, public sector undertakings, trusts, societies, partnership firms, sole proprietorships and associations.