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Corporate Governance
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ALSO CALLED: Governance and Enterprise Governance
DEFINITION: Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer
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CORPORATE GOVERNANCE DEFINITION (continued): … groups, clients, and government regulations. A well-defined and enforced corporate governance provides a structure that, at least in theory, works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal laws. To that end, organizations have been formed at the regional, national, and global levels. In recent years, corporate governance has received increased attention because of high-profile …
Corporate Governance definition sponsored by SearchFinancialSecurity.com, powered by WhatIs.com an online computer dictionary
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