Corporate Governance

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

Corporate Governance refers to the system of rules, practices, and processes by which a corporation is directed and controlled. It involves balancing the interests of a company's many stakeholders, including its shareholders, management, customers, suppliers, financiers, government, and the community. Corporate Governance is concerned with issues such as the rights and responsibilities of shareholders and directors, the role of boards and audit committees, executive compensation, insider trading, and disclosure and transparency. It plays a critical role in shaping business behavior, ensuring compliance with the law, protecting shareholder value, and promoting long-term sustainability and success.

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