Heather Gordon is Legal Director at Martyn Fiddler Aviation. Heather joined the team in 2013 having previously practiced within a leading Isle of Man law ...Contact Heather Gordon
Welcome to our series on Governance
There are over 3 billion search hits on Google for the word Governance.
Governance is frequently in the headlines because of corporate scandal rather than business success. Think Wirecard, Boeing and Enron. But what is governance? What is its purpose? Why is it going to be increasingly important to business aviation.
The best definition we can find is “Corporate governance is the system by which companies are directed and controlled.”
But while corporate governance is widely used, its purpose is widely misunderstood.
Governance flows through the heart of business; it forms strategy, shapes its leadership and strengthens relationships with stakeholders.
Good corporate governance is something that benefits us all – whether we are investors, directors, regulators, employees or consumers.
Ultimately, corporate governance (or the lack there of) can mean the success or failure of the enterprise.
At Martyn Fiddler Aviation, we want to start a conversation on governance, as well as start a movement for positive change in governance culture within businesses aviation.
- We believe governance is one of the most important topics in both business and society today.
- We believe how a business approaches governance determines its success or failure in the long term.
- We believe that it is important for businesses embrace and uphold good governance in a world of fast media where a corporate reputation can be lost overnight by perceived scandal.
Martyn Fiddler Aviation have carried out extensive research and study on the topic of governance as it applies to business aviation.
Over the next 7 weeks, we will be releasing a series of blog posts, webinars, emails and videos on the topic, culminating in a whitepaper that will explore why governance is important for the success of any business and deliver a roadmap that we can all use.
You can expect to learn how corporate governance can provide the framework for attaining a company's objectives, and how to create action plans, accountability and internal controls.
Starting in our next newsletter, we serialise everything that we think the industry needs to know about governance. We promise to give our industry the best possible chance to address the challenges of governance head on.
The information included in this article is considered true and correct at the date of publication; changes to rules and regulation made after the time of publication may impact on the accuracy of the information referenced or inferred to in this article. The information in the article may change without notice and Martyn Fiddler Aviation is in no way liable for the accuracy of any information printed or stored or in any way interpreted and used by the user. This article or the information contained in it is not provided or intended to be used as advice of any form.
If you have any doubts or would like to discuss any aspect of this article, please do not hesitate to contact one of our experts who will be happy to discuss your individual circumstance.