Crisis Management

Definition of Crisis Management as it relates to Business, Risk Management, Operational Risk Management

Corporate Governance refers to the system of rules, practices, and processes by which a corporation is directed and controlled, encompassing the relationships among the business's management, its board of directors, its shareholders, and other stakeholders. It is concerned with ensuring transparency, accountability, fairness, and integrity in the corporation's operations, as well as managing risks that could impact the organization's ability to achieve its objectives. Operational Risk Management is a subset of Corporate Governance, focusing specifically on the risks associated with the company's day-to-day activities and processes, including those related to people, systems, and external events.

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