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 Ratings: Caveat Emptor
- Looking in the rear view mirror reveals many examples over the past decade of massive corporate failures from essentially every sector of our economy, including Enron, WorldCom, Tyco, Global Crossing, and Bear Sterns, just to name a few. Unfortunately, the natural reaction to these types of events is to develop...
- Blog posts 2008-08-26
- Securities Fraud As Corporate Governance: Reflections Upon Federalism
- Federal securities law and enforcement via securities fraud class actions today has become the most visible presence in regulating corporate governance. State law, long at center stage in discussions of corporate governance, continues to provide the legal skeleton for the corporate form and state fiduciary duty litigation continues as a...
- White papers 2003-01-01
- 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...
- White papers 2003-01-01
- Fixing Corporate Governance
- Some weeks ago, I wrote Corporate Governance is a Myth, an insider's take on why our system of corporate governance doesn’t do what it's supposed to do. Now comes the hard part: figuring out what to do about it. Now, I didn't just fall off the turnip...
- Blog posts 2008-09-29
- Corporate Governance - Lend Lease
- This statement sets out the key corporate governance principles adopted by the Directors in governing the Lend Lease Group. In preparing the statement, the Directors recognize that the Group operates in many different countries. The Company is listed on the stock exchanges of Australia primary listing and New Zealand and...
- White papers 2003-01-01
- Corporate Governance Issues for Large Privately-held Companies: Risks and Recommendations
- The duties and obligations of the officers and directors of large privately-held companies will be significantly affected by the recent corporate governance reforms. While these reforms generally apply to companies with publicly traded securities, the changing norms of corporate conduct will soon affect all companies with a significant number of...
- White papers 2002-09-27
- 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...
- White papers 2003-01-01
- Corporate Governance Guidelines: Federal Realty Investment Trust
- The Board of Trustees has been elected by the shareholders of Federal Realty Investment Trust to provide effective oversight of the affairs of the Trust for the benefit of those shareholders. The primary responsibilities of the Board are: a overseeing the management of the Trust, including, without limitation, evaluating...
- White papers 2003-02-12
- Corporate Governance Guidelines (As of July 2003): Zale Corporation
- To provide guidance to the Nominating and Corporate Governance Committee and the Board of Directors with regard to matters of corporate governance, the Board has adopted the principles displayed in this corporate governance. Guideline principle consist that the primary mission of the Board is to advance the interests of the...
- White papers 2003-01-01
- 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...
- White papers 2003-01-01
- NYSE and Nasdaq Issue New Proposed Corporate Governance Requirements
- NYSE and NASDAQ Issue New Proposed Corporate Governance Requirements. While the NYSE and NASDAQ proposals currently differ in some respects, experience indicated that they are likely to converge, and ultimately provide for similar or identical requirements. There has been growing discussion and calls for reform of corporate governance during the...
- White papers 2002-06-14
- Progress Energy, Inc.: Corporate Governance Guidelines
- "The Directors of Progress Energy, Inc., are the representatives of the Company's shareholders and direct the management of the Company on the shareholders' behalf. The shareholders' main interest is in optimizing the Company's financial success within the bounds of our legal and regulatory system. The Board recognizes...
- White papers 2003-01-01
- ElkCorp: Corporate Governance Guidelines
- The corporate governance guidelines of Elkcorp include the business and affairs, which shall be managed under the direction of its Board of Directors ("Board"), subject to the powers, duties, authority and limitations set forth in ElkCorp's Certificate of Incorporation and Bylaws. The Board will meet no less often than quarterly....
- White papers 2002-08-27
- Overview of Business and Corporate Governance
- Although "Corporate Governance" has received, a great deal of media attention lately, the term is still relatively new. The term corporate governance is used to refer to a much broader range of rules, regulations, and policies and practices that boards of directors use to manage themselves and fulfill their responsibilities...
- White papers 2003-01-01
- 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...
- White papers 2004-04-12
- 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...
- White papers 2005-07-01
- 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...
- White papers 2004-06-01
- NOKIA CORPORATION - Nokia Board Corporate Governance & Nomination Committee.
- Nokia Board Corporate Governance and Nomination Committee presents proposals for Composition of and Remuneration to the Board of Directors Espoo, Finland - The Nokia Board Corporate Governance and Nomination Committee will propose to the Annual Gen Nokia Board Corporate Governance and Nomination Committee presents...
- Research articles 2008-01-24
- Governance among top Aussie risks: Poll.(Corporate governance survey by Aon Australia)
- Byline: SARAH VEYSEY Corporate governance issues are the biggest risks facing Australian corporations, according to a recent study. When asked to rank a series of risks in order of seriousness, respondents ranked corporate governance as their to Byline: SARAH VEYSEY ...
- Research articles 2006-05-15
- `Check-box approach': Professors give corporate governance ratings a failing grade.(News)
- Byline: Barry B. Burr PHILADELPHIA - Three Wharton School accounting professors are critical of corporate governance scorecards and ratings. "This sort of check-box approach to corporate governance doesn't work,'' according to a new study b Byline: Barry B. Burr ...
- Research articles 2004-09-20
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