Corporate Governance: Definition and additional resources from BNET
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BNET Business Dictionary

Business Definition for: Corporate Governance

  • the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The stockholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. The responsibilities of the board include setting the company's strategic goals, providing the leadership to put them into effect, supervising the management of the business, and reporting to the stockholders on their stewardship. The board's actions are subject to laws, regulations, and the wishes of the stockholders in the general meeting.

Wiktionary Definition for: Corporate Governance

  • The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.
  • Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled.

Additional Resources

Corporate Governance: Avoiding Criminal Liability Under Sarbanes-Oxley
Corporate Governance refers to set of rules, procedures, and policies that govern day-to-day functioning of an organization. A recent Act seeks to overhaul Corporate Governance mechanisms and practices. It establishes a new, independent board for the accounting industry, creates higher standards for corporate governance and audit committees and ushers in...
Tags: Business Operations, Corporate Law, Corporate Governance, Act, Sarbanes-Oxley Act
White papers 2003-01-01
The Sarbanes-Oxley Act And The Reinvention Of Corporate Governance?
The Sarbanes-Oxley Act has aroused a need to re-think the way corporate governance is handled. The Act makes three specific changes in the way corporate governance is viewed: first, it brings into the realm, the role of gatekeepers including auditors, analysts, and lawyers. Second, it significantly enhances the legal status...
Tags: Business Operations, Social Science Electronic Publishing Inc., Sarbanes-Oxley Act, Corporate Governance, Corporate Law
White papers 2003-01-01
Beware the Ides of March: The Collapse of HIH Insurance
Despite differences in corporate governance systems in the United States and Australia, the corporate governance failures that led to each country's largest bankruptcy are strikingly similar. This paper presents a clinical examination of the corporate governance failures that led to the demise of HIH Insurance and shows that corporate governance...
Tags: Business Operations, Corporate Law, Corporate Governance, Corporate Governance Failure, IDE
White papers 2003-01-01
Sarbanes-Oxley’s Impact On State Corporate Governance
The Sarbanes-Oxley Act of 2002 was enacted to address the irregularities present in Corporate Governance mechanisms and corporate accounting practices in organizations. It establishes a new, independent board for the accounting industry, creates higher standards for corporate governance and audit committees and ushers in transparency in corporate transactions. The paper...
Tags: Business Operations, Regulations, Government, Financial Accounting, Finance, Human Resources, Policies And Procedures, Regulatory Compliance, Sarbanes-Oxley, Corporate Law, Corporate Governance, Washington Legal Foundation, Sarbanes-Oxley Act
White papers 2003-07-25
Years of Service and Probability of Promotion
Historically, depository institutions have arguably been subject to higher corporate governance standards than companies in non-regulated industries. As a result, the bank regulatory agencies will continue to evaluate developments in corporate governance and will likely continue to emphasize corporate governance issues as part of their safety and soundness examinations. In...
Tags: Corporate Law, Corporate Governance, Business Operations
White papers 2003-01-01
Enhancing Corporate Governance for Banking Organisations
The issue of corporate governance continues to attract considerable national and international attention. The Basel Committee on Banking Supervision the Committee published guidance in 1999 to assist banking supervisors in promoting the adoption of sound corporate governance practices by banking organizations in their countries. This paper drew from principles of...
Tags: Banking, Corporate Law, Corporate Governance, Financial Market, Finance, Financial Services, Business Operations, Financial Accounting
White papers 2005-07-01
What Is Good Governance?
The latest issue doing the rounds in the corporate sector is that of good corporate governance. Experts believe that there is no clear template to define governance. It is about keeping the interest of minorities in mind, providing proper judicial system, and giving proper aid to the needy. Researches indicate...
Tags: Governance, Corporate Governance, Corporate Law, Business Operations
Webcasts 2002-12-01
Corporate Governance And Banking Regulation
The globalisation of banking markets has raised important issues regarding corporate governance regulation for banking institutions. This research paper addresses some of the major issues of corporate governance as it relates to banking regulation. The traditional principal-agent framework will be used to analyse some of the major issues involving corporate...
Tags: Regulation, Corporate Governance, Banking, Corporate Law, Business Operations, Financial Services
White papers 2004-06-01
Financial Reporting, Corporate Communication and Governance
This paper describes the issues of financial reporting and corporate communication in connection with corporate governance. The analysis is based on the studies conducted in the Anglo-American and the European academic literature both from a normative and a positive perspective. It is discussed why accounting standards are not able by...
Tags: Corporate Law, Corporate Governance, Analysis, Finance, Business Operations, Financial Planning, Corporate Communication, Financial, Financial Reporting
White papers 2004-10-01
Aetna: Corporate Governance Guidelines
This is basically a Corporate Governance Guideline of Atena. It discusses the Role of the Board of Directors. Besides this, Functioning of the Board has also been highlighted. This Corporate Governance also consists of Conduct and Ethics Standards, which the organization is following. To know more, refer to the article....
Tags: Corporate Governance, Aetna Inc., Business Operations, Corporate Law
White papers 2003-01-31
Corporate Finance and Human Resource Management
Corporate governance can be defined to be an institution that constrains relations between corporate managers and various stakeholders, including shareholders, creditors, workers, suppliers, and customers. Under this broad definition, corporate governance is a system of various sub-systems that are complementary to one another. This paper focuses on two subsystems of...
Tags: HRM, Human Resources, Business Operations, Human Resource Management (HRM), Corporate Law, Corporate Governance, Finance
White papers 2004-05-01
Hercules Incorporated: Corporate Governance Guidelines
This article explains Corporate Governance Guidelines that serve as an important framework for the corporate governance practices of the Board of Directors of the Corporation and to assist the Board in carrying out its fiduciary and other responsibilities effectively. The Board reviews these Guidelines periodically and, upon the recommendation of...
Tags: Board, Corporate Law, Corporate Governance, Business Operations
White papers 2003-06-03
Corporate Governance Guidelines-Merrill Lynch & Co., Inc.
Throughout Merrill Lynch's history, the Board of Directors has adhered to "best practices" in corporate governance in fulfillment of its responsibilities to the shareholders. The Board of Directors has formally adopted these practices as its Corporate Governance Guidelines in furtherance of the Corporation's commitment to good corporate governance.
Tags: Business Operations, Corporate Law, Corporate Governance, Merrill Lynch & Co. Inc.
White papers 2003-01-27
Corporate Governance Policy - Harley Davidson, Inc.
The Harley-Davidson Board of Directors and management believe that the Company, in the interests of its stakeholders, should embrace corporate governance practices in keeping with our leadership position in our business and current legislation and rules. The Company’s policies of corporate governance must be rooted in and consistent with its...
Tags: Business Operations, Corporate Law, Corporate Governance, Company, Board, Leadership, Harley-Davidson Inc.
White papers 2003-01-01
Corporate Governance Development in UK and Continental Europe
The potential onset of 'Corporate Governance Fatigue' is a risk for all publicly-quoted companies, which needs to be resisted strongly. The commitment of corporate Boards to fairness, transparency and accountability has an appreciable effect on whether the greatest practicable enhancement is achieved over the period of their shareholders investment. The...
Tags: Business Operations, Corporate Law, Corporate Governance, Watson Wyatt Worldwide
White papers 2005-10-01
Under Pressure
Corporate Governance refers to set of rules, procedures, and policies that govern day-to-day functioning of an organization. The Sarbanes-Oxley Act of 2002 seeks to overhaul Corporate Governance mechanisms and practices. It establishes a new, independent board for the accounting industry and creates higher standards for corporate governance. The paper examines...
Tags: Financial Accounting, Finance, Government, Regulations, Business Operations, Sarbanes-Oxley, Corporate Law, Corporate Governance, CFO Publishing Corp.
White papers 2003-03-17
Evaluating Corporate Governance: The Bondholders' Perspective
The purpose of this paper is to inform the marketplace of the approach to evaluating and incorporating the quality of a company's corporate governance within the overall credit ratings process. While Fitch always has taken aspects of corporate governance into account, this report formalizes a more systematic framework for reviewing...
Tags: Corporate Law, Corporate Governance, Fitch, Business Operations
White papers 2004-04-12
Thornburg Mortgage, Inc. : Corporate Governance Guidelines
The Board of Directors of Thornburg Mortgage, Inc. has adopted these Corporate Governance Guidelines pursuant to NYSE proposed Rule 303A The paper also highlights Code of Conduct, Business Ethics, charters for Audit Committee, Nominating/Corporate Governance Committee and Compensation Committee, all of which are relevant to corporate governance policies and guidelines....
Tags: Business Operations, Corporate Law, Corporate Governance, Mortgage
White papers 2003-01-21
Principles of G.E Governance
This corporate governance paper displays principles that have been approved by the board of directors and, along with the charters and key practices of the board committees, provide the framework for the governance of GE. The board recognizes that there is an on-going and energetic debate about corporate governance, and...
Tags: General Electric Co., Board, Corporate Governance, Corporate Law, Business Operations
White papers 2003-01-01
Good Governance: Moving Beyond Compliance
In the wake of the widespread scandals of recent years, the term corporate governance has become a catch phrase for what's wrong with corporate America. Indeed, the reputational harm and financial damage that can be caused by conflicts of interest and poor oversight are undeniable. This article examines what exactly...
Tags: Ernst & Young LLP, Compliance, Corporate Governance, Corporate Law, Business Operations
White papers 2005-05-17
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