The four P’s of corporate governance
U.S. Bank reveals recent media coverage of a data breach. Consider the 4 P’s of corporate governance and apply each to the business breach. Identify how each of the 4 P’s (people, process, performance, and purpose) was impacted by the identification of the breach and the penalties imposed upon the organization.
Sample Solution
Corporate governance is the structure of rules, practices, and processes used to direct and manage a company. Corporate governance is a complex beast. That is why many governance experts break it down into four simple words: People, Purpose, Process, and Performance. These are the Four Ps of Corporate Governance, the guiding philosophies behind why governance exists and how it operates. People come first in the Four Ps because people exist on every side of the business equation. Purpose is the next step. Every piece of governance exists for a purpose and to achieve a purpose. The for is the guiding principles of the organization.
