What does GARP emphasize in governance?

GARP, or the Governance, Accountability, Responsibility, and People framework, emphasizes the importance of doing the right things for the organization. This involves ensuring that governance practices align with ethical standards and the long-term well-being of the organization, its stakeholders, and the community. By prioritizing integrity, accountability, and ethical decision-making, GARP promotes responsible governance that goes beyond mere profit maximization or short-term gain.

The focus on doing the right things means that organizations adopting GARP principles are likely to implement practices that foster transparency, accountability, and sustainability. This approach encourages decision-making that considers the broader impact of actions on all stakeholders, not just shareholders. As a result, organizations can build trust and credibility with their stakeholders, which is essential for long-term success and resilience in today's complex business environment.

This collective emphasis on ethical governance enhances the overall health of an organization, reinforcing the idea that aligning practices with values and responsibility goes hand-in-hand with achieving organizational goals.