Definition: The processes, customs, policies, laws and institutions which have an impact on the way an organisation is controlled. Organisational governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. It guarantees that an organisation is directed and controlled in a responsible, professional and transparent manner with the purpose of safeguarding its long-term success.
Reference Definition: Corporate governance consists of the set of processes, customs, policies, laws and institutions affecting the way people direct, administer or control a corporation. Corporate governance also includes the relationships among the many players involved (the stakeholders) and the corporate goals. The principal players include the shareholders, management, and the board of directors. Other stakeholders include employees, suppliers, customers, banks and other lenders, regulators, the environment and the community at large. (Wikipedia) - Corporate_governance
Also known as: Corporate Governance
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