corporate governance
Sign in to savemechanisms, processes and relations by which corporations are controlled and operated
Wikidata facts
- Subclass of
- governance
- Part of
- business administration
- Image
- Bob Tricker - Corporate Governance2.png
Show 3 more facts
- topic's main category
- Category:Corporate governance
- Commons category
- Corporate governance
- studied by
- management science
via Wikidata · CC0
~40 min read
Encyclopedic overview
Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. It defines how power and responsibilities are distributed within a company, how decisions are made and how performance is monitored. Effective corporate governance is essential for ensuring accountability, transparency and long-term sustainability of organizations which is seen especially in publicly traded companies.
Definitions
Excerpted from Wikipedia’s “corporate governance” article, available under the CC BY-SA 4.0 licence.