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difference between good governac and democracy
Good governance, good performance Poor governance, poor performance
It means that corporate governance is a theoretical application of good practice but the quality of management is what would govern the quality of the governance in the final analysis as they would be responsible for ensuring it was applied.
Cico and BrT gained recognition in the area of corporate governance. Industry analysts acknowledged that BrT strictly complied with good corporate governance practices, often a rarity in the Brazilian telecommunications industry.
Corporate governance is the system by which corporations are managed (or 'governed'). The governance structure specifies the distribution of rights and responsibilities among the organisation's hierarchy (including positions like creditors and board of directors) which in turn will dictate how and when objectives are made.
Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance. The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community. Whereas the 20th century might be viewed as the age of management, the early 21st century is predicted to be more focused on governance. Both terms address control of corporations but governance has always required an examination of underlying purpose and legitimacy. - - James McRitchie, 8/1999 http://corpgov.net/library/definitions.html
Anita Ernstorfer has written: 'Capacity development for good governance' -- subject(s): Public administration, Corporate governance
to intitutionalyze the principles of good corporate governance in the entire organizations
Liabilities are linked to corporate governance as they represent obligations that a company owes to external parties. Effective corporate governance helps ensure that these liabilities are managed and disclosed properly, promoting transparency and accountability within the organization. Good governance practices also help in monitoring and managing risks associated with liabilities, ultimately safeguarding the company's financial health and reputation.
There seven characteristics of corporate governance, being, accountability, discipline, fairness, independence, transparency, responsibility and social responsibility. Vongani Masondo
A corporate governance statement of compliance refers to a document that provides an overview of a company's adherence to corporate governance principles, regulations, and standards. It outlines the company's commitment to good governance practices, including its compliance with applicable laws, ethical standards, and guidelines. This statement is typically included in the company's annual report or other public disclosures to inform stakeholders about its governance practices.
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