Corporate governance

mechanisms, processes and relations by which corporations are controlled and operated

Corporate governance describes how a corporation is directed. Corporate governance is related to but different from management. People responsible for corporate governance are known as board of directors.[1]

Corporate governance also provides the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are changed.[2]

References change

  1. Shailer, Greg. Corporate Governance, in D. C. Poff, A. C. Michalos (eds.), Encyclopedia of Business and Professional Ethics, Springer International Publishing AG, 2018.
  2. OECD (2015), G20/OECD Principles of Corporate Governance, OECD Publishing, Paris.