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HUMANIZING CORPORATE GOVERNANCE Caleb N. Griffin* Abstract American corporate governance evolved in a different era, for a type of investor who is no longer typical today. Roughly half of Americans
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Identify key stakeholders involved in the governance process.
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Engage with employees to gather input on governance improvements.
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Corporations seeking to improve employee engagement and culture.
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Humanizing corporate governance refers to the practice of making corporate governance structures and processes more inclusive, ethical, and socially responsible, focusing on the needs and rights of stakeholders, including employees, communities, and customers.
Companies that are publicly traded or have a significant stakeholder base are typically required to file disclosures related to humanizing corporate governance practices, including regulatory bodies and shareholders.
To fill out humanizing corporate governance, organizations should assess their governance practices, identify key stakeholders, disclose governance structures, policies, and performance metrics, and ensure transparency and accountability in reporting.
The purpose of humanizing corporate governance is to enhance trust and accountability in organizations, promote ethical behavior, and ensure that corporate decisions consider the impact on all stakeholders, thus fostering sustainable business practices.
Information that must be reported includes governance policies, stakeholder engagement practices, diversity and inclusion efforts, ethical conduct guidelines, risk management strategies, and performance metrics related to social and environmental impact.
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