Corporate Governance
Fairness refers to the quality of treating stakeholders in a just and equitable manner, ensuring that their interests are considered without favoritism or bias. This concept plays a critical role in decision-making processes where the rights and contributions of all stakeholders must be balanced, fostering trust and cooperation. Fairness is not only about equal treatment but also involves recognizing and addressing different needs and perspectives among stakeholders, which is essential for effective management and ethical governance.
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