Corporate Governance

Definition of Corporate Governance as it relates to Business, Accounting Principles, Taxation Principles

Corporate Governance refers to the system of rules, practices, and processes by which a corporation is directed and controlled. It encompasses the relationships among the company's management, board of directors, shareholders, and other stakeholders, as well as the goals for which the corporation is governed. Corporate governance principles provide guidance on how a company should be managed to achieve its objectives in a responsible and transparent manner, while also ensuring compliance with relevant laws and regulations. It includes aspects such as leadership, risk management, internal controls, financial reporting, and stakeholder engagement, among others. The ultimate goal of corporate governance is to create long-term value for shareholders while also balancing the interests of other stakeholders, such as employees, customers, suppliers, and communities.

Child Hierarchical Categories

Note
Related Categories