answersLogoWhite

0

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

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Economics

What are the corporate governance problems leading up to the corporate scandals of the early 21st century?

Agency costs


How does corporate governance affects the rules of doing business?

thank you..>


What is the relationship between corporate governance and corporate sustainability?

Corporate governance and corporate sustainability are closely intertwined, as effective governance structures play a critical role in promoting sustainable practices within organizations. Good corporate governance ensures accountability, transparency, and ethical decision-making, which are essential for integrating sustainability into business strategies. By prioritizing long-term value creation and stakeholder interests, companies can enhance their sustainability efforts, leading to improved environmental, social, and economic outcomes. Ultimately, strong governance frameworks enable organizations to navigate challenges and capitalize on opportunities in a rapidly changing sustainability landscape.


What are the constituents of corporate governance?

1- board of directors 2- management 3- shareholders & stakeholders


What are some common examples of agency problems in corporate governance and how can they be effectively mitigated?

Common examples of agency problems in corporate governance include conflicts of interest between shareholders and management, excessive executive compensation, and lack of transparency in decision-making. These issues can be effectively mitigated through measures such as implementing strong corporate governance practices, establishing independent board oversight, aligning executive compensation with company performance, and promoting shareholder activism and engagement.

Related Questions

What is the meaning of the quality of corporate governance?

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.


What is meant by corporate governance?

what is meant by corporate governance?


3 Explain Corporate Governance and its practical relevance?

relevance to corporate strategy and corporate governance


Advantages and disadvantage of corporate governance?

corporate governance advantages and disadvantages


What has the author Walter Effross written?

Walter Effross has written: 'Corporate governance' -- subject(s): Law and legislation, Corporate governance 'Corporate governance' -- subject(s): Law and legislation, Corporate governance


What is the effect of corporate governance on foreign investment?

What is the effect of corporate governance on foreign investment?


What is the difference between corporate governance and corporate social responsibility?

Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.


Importance of corporate governance in corporate practices?

Corporate governance is key in implementing responsible corporate practices. This includes implementing practices that are in line with government regulations.


What is a synonym for governance and what is a synonym for corporate governance?

What is the synonym government.


Six steps to effective corporate governance White Castle System Inc?

6 step effective corporate governance


What has the author Kshama V Kaushik written?

Kshama V. Kaushik has written: 'Corporate governance' -- subject(s): Corporate governance


What has the author Rashidah Abdul Rahman written?

Rashidah Abdul Rahman. has written: 'Effective corporate governance' -- subject(s): Corporate governance