Corporate Governance

Definition of Corporate Governance as it relates to Business, Business Law, Contracts

Corporate Governance refers to the system of rules, practices, and processes by which a corporation is directed and controlled. It involves the relationships among the management, board of directors, shareholders, and other stakeholders. Corporate Governance aims to balance the interests of all these groups and align them with the long-term success of the company. It encompasses issues such as transparency, accountability, fairness, and responsibility. A well-functioning corporate governance structure can help a business operate more efficiently, make better decisions, and increase its value for shareholders.

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