ENHANCING THE WAY FINANCIAL SECTOR ORGANIZATIONS ARE GOVERNED BY IMPLEMENTING GLOBAL PRINCIPLES

Abstract

This article discusses the importance of implementing global principles to
improve corporate governance in the financial sector. It highlights the significance of
transparency, accountability, and risk management practices in maintaining public trust
and confidence in financial institutions. The article also explores the benefits of
adopting global principles, such as improving overall stability and sustainability of the
financial sector. However, it acknowledges the challenges and limitations of
implementation, including the need for consistent implementation across different
jurisdictions and the need for balancing global standards with local flexibility. Overall,
this article provides valuable insights into the importance of implementing global
principles to enhance the way financial sector organizations are governed.