governance-standards

Vocabulary Word

Definition
'Governance standards' are the rules or principles that guide how a company should be run. These standards ensure that the company operates responsibly, ethically, and legally.
Examples in Different Contexts
In corporate social responsibility (CSR), 'governance standards' outline the principles and practices that ensure businesses operate in an ethical, transparent, and socially responsible manner. A CSR manager might discuss, 'Our commitment to governance standards is fundamental to building trust with our stakeholders and contributing positively to society.'
Practice Scenarios
Tech

Scenario:

We're introducing a new feature that requires access to user data. How do we ensure it aligns with our privacy commitments?

Response:

Before we roll out the feature, let's review the governance standards concerning data privacy and make any necessary adjustments.

Academics

Scenario:

The research methodology we're adopting is somewhat unconventional, but we must ensure it acknowledges academic propriety.

Response:

Our unconventional approach must still meet the governance standards for research integrity. Let's have a detailed review of the methodology.

Related Words
control-frameworksgovernance-frameworksgovernance-policiesprofessional-standardscompliance-protocolsboard-ethicsethical-compliancecompliance-strategies