Corporate governance is a structure and process for the direction and control of companies. It is also about the relationships among the management, board of directors, controlling shareholders, minority shareholders, and other stakeholders. Open to public Information disclosure, high transparency, and accountability are basic important elements of best corporate governance that strive for the sustainability of corporations and society. To avoid mismanagement, good corporate governance is necessary to enable companies to operate more efficiently, improve access to capital, mitigate risk and safeguard stakeholders. It also makes companies more accountable and transparent to investors so as to minimize expropriation and unfairness for shareholders.
The board of directors & founders of RedPhantom Group sets high Goals for the company's employees, customers, officers, and community. Importance of part of corporate governance; It is the duty of the board of directors and founders to serve as a prudent fiduciary for shareholders and to oversee the management of the company's business.
To fulfill all requirements the board of directors and founders follow the process set in these procedures. RP's member follows all rules and regulations as mentioned in the procedures as given;