What is Corporate Governance?

[sunandaC]

What is Corporate Governance?


It refers to the guideline, procedures, rules for decision making.

It suggests how to monitor the performance.

It has to do with power and accountability; who exercises power, on behalf of whom and how the exercise of power is controlled


The Manner in which a Corporation runs for:

• Achieving its Objectives

• Transparency of its Operations

• Accountability & Reporting

• Good Corporate Citizenship



The Manner in which a Corporation is Run

• Achieving its ObjectivesIt refers to the guideline, procedures, rules for decision making.

• It suggests how to monitor the performance.

• It has to do with power and accountability; who exercises power, on behalf of whom and how the exercise of power is controlled

• Transparency of its Operations

• Accountability & Reporting

• Good Corporate Citizenship


Corporate governance is also essentially about leadership:

• leadership for efficiency;

• leadership for integrity;

• leadership with responsibility; and

• leadership which is transparent and which is accountable

 

[jitenmazee]

What is Corporate Governance?


It refers to the guideline, procedures, rules for decision making.

It suggests how to monitor the performance.

It has to do with power and accountability; who exercises power, on behalf of whom and how the exercise of power is controlled


The Manner in which a Corporation runs for:

• Achieving its Objectives

• Transparency of its Operations

• Accountability & Reporting

• Good Corporate Citizenship



The Manner in which a Corporation is Run

• Achieving its ObjectivesIt refers to the guideline, procedures, rules for decision making.

• It suggests how to monitor the performance.

• It has to do with power and accountability; who exercises power, on behalf of whom and how the exercise of power is controlled

• Transparency of its Operations

• Accountability & Reporting

• Good Corporate Citizenship


Corporate governance is also essentially about leadership:

• leadership for efficiency;

• leadership for integrity;

• leadership with responsibility; and

• leadership which is transparent and which is accountable

The system which is used to monitor and control all the activities of corporation is called corporate governance. For more details, you can check my presentation on corporate governance. BTW, sunanda, you have also done a great job.

 

[daviddacarte]

Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed. It is a framework of rules and practices by which is used for the improve fairness and transparency of a company's relationships with stock holders.

The corporate governance framework consists 1. Explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities. 2. procedures for proper supervision, control, and information-flows to serve as a system of checks-and-balances.