Innovating the corporate governance system for sustainable development

Saturday, June 22, 2019  20:28

Hanoi June 22, within the framework of the National Quality Award Ceremony, Asia - Pacific Quality Award 2018, General Department of Standards, Metrology and Quality, Ministry of Science and Technology held Seminar "Innovating corporate governance system, towards sustainable development".

The seminar aims to allow businesses to win the National Quality Award to share their experiences, successful practices and difficulties and failures on the long way of building, maintaining and renewing their management system to businesses apply.

At the seminar, Mr. Tran Van Vinh, Director General of the Directorate for Standards and Quality, Vice Chairman of the National Council of National Quality Awards emphasized: The topic of the talk is current and urgent. With enterprises, because the application of advanced management systems in enterprise management activities is the internal need of enterprises to improve labor productivity and competitiveness in the domestic and national markets. sacrifice. At the same time, it is a mandatory requirement for many partners (both state-owned enterprises, business associations, private enterprises ...).

The innovation of corporate governance according to advanced standards of the National Quality Award helps business managers to direct, operate and control units effectively, towards sustainable development”.

Mr. Vu Tien Loc, Chairman of Vietnam Chamber of Commerce and Industry (VCCI) said that Vietnamese enterprises are facing challenges as well as opportunities in the process of transition and international integration.

In that context, sustainable development is an urgent requirement, so enterprises play a big role in socio-economic development.

Chairman of VCCI also pointed out the necessary issues in the innovation of strategic management of enterprises to aim at sustainable development such as: Business efficiency, practical profit for business development in the short term, medium and long term; spirit of supremacy, not only economic but also regulating both environment and society; building and standards of business ethics and social responsibility; strong commitments in philanthropy, sharing difficulties and natural disasters in the community and around the world.

In addition, the business strategy should aim at creativity, innovation and application of environmentally friendly technologies.

However, the application of science and technology needs to be researched and applied based on the strength of the enterprise to promote and overcome the weakness to develop.

At the seminar, enterprises were able to share a lot of information about the management method, building a management system suitable to the specific characteristics of the business towards sustainable development such as: Product management system products - Effective tool to improve the efficiency of corporate governance system and create trust for consumers; corporate governance - From products to solutions...