Definitions of Corporate Governance

[sunandaC]

Definitions of Corporate Governance



“Corporate Governance is the system by which companies are directed and controlled.” - Cadbury Report (UK), 1992-1993



“…to do with Power and Accountability: who exercises power, on behalf of whom, how the exercise of power is controlled.” - Sir Adrian Cadbury, in Reflections on Corporate Governance, Ernest Sykes Memorial Lecture, 1993



“…the process and structure to direct and manage the business and affairs of the corporation with the objective of enhancing shareholder value, which includes ensuring the financial viability of the business….” - Where were the Directors? Guidelines for Improved Corporate Governance in Canada, TSE, 1994



“Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders also. The structure through which objectives of the company are set and the means of attaining those objectives and monitoring performance are determined.” - OECD Principles of Corporate Governance, 2004


An Indian Definition: “Fundamental objective of corporate governance is the ‘enhancement of the long-term shareholder value while at the same time protecting the interests of other stakeholders.” - SEBI (Kumar Mangalam Birla) Report on Corporate Governance, January, 2000

 

[jitenmazee]

Definitions of Corporate Governance



“Corporate Governance is the system by which companies are directed and controlled.” - Cadbury Report (UK), 1992-1993



“…to do with Power and Accountability: who exercises power, on behalf of whom, how the exercise of power is controlled.” - Sir Adrian Cadbury, in Reflections on Corporate Governance, Ernest Sykes Memorial Lecture, 1993



“…the process and structure to direct and manage the business and affairs of the corporation with the objective of enhancing shareholder value, which includes ensuring the financial viability of the business….” - Where were the Directors? Guidelines for Improved Corporate Governance in Canada, TSE, 1994



“Corporate governance involves a set of relationships between a company’s management, its board, its shareholders and other stakeholders also. The structure through which objectives of the company are set and the means of attaining those objectives and monitoring performance are determined.” - OECD Principles of Corporate Governance, 2004


An Indian Definition: “Fundamental objective of corporate governance is the ‘enhancement of the long-term shareholder value while at the same time protecting the interests of other stakeholders.” - SEBI (Kumar Mangalam Birla) Report on Corporate Governance, January, 2000

Well sunanda, my presentation will explain all about the corporate governance like its rights, rules, objectives and many more important information. So please check my presentation for getting more detailed information on corporate governance.