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One of the principles of corporate governance is Innovation.
I have problems understanding innovation. Can anyone explain?
And also what’s the difference between it and “Creative”?Need small help here!
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My opinion is that you need to be flexible and adaptable, since the needs of stakeholders are continuously changing and increasing, I would say.
Being innovative means to adapt your reporting templates to each stakeholder’s needs and try to find a common language with them.
I dont see a big diff between “creative” and “innovative”, but I wouldnt use the word “creative” since it takes me to the idea of “creative accounting”….which does not comply with the ethical principles of an accountant.
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