Overview
Corporate governance is essential for the effective management and accountability of companies. It encompasses the systems and processes that guide how a company is directed and controlled, ensuring that the interests of stakeholders are considered. Good governance practices lead to improved economi...
Key Terms
Example: Good corporate governance ensures accountability and fairness.
Example: The board of directors meets quarterly to review company performance.
Example: Employees, customers, and investors are all stakeholders.
Example: Companies publish annual reports to ensure transparency.
Example: Management is held accountable for financial performance.
Example: Business ethics guide decision-making in corporate governance.
Related Topics
Business Ethics
The study of moral principles in business practices.
intermediateFinancial Regulations
Rules governing financial practices and reporting.
advancedRisk Management Strategies
Methods to identify and mitigate risks in business.
intermediateCorporate Social Responsibility
The responsibility of businesses to contribute to society.
intermediateKey Concepts
Board of DirectorsStakeholder TheoryTransparencyAccountability