Corporate Governance: our definition
Corporate governance deals with the way a company is managed and controlled. Corporate governance is an integrated set of processes, procedures, competencies, behaviors aimed at balancing the diverse interests and goals of the many stakeholders.
Corporate governance includes the composition and functioning of the board, the relationship between the board and management, internal and external control systems, the ownership structure, the rights of the shareholders and the market for corporate control.
A good governance structure creates value through a balanced set of responsibilities and accountabilities and by creating a focus on defining, assessing and monitoring overall enterprise risks. A good governance structure also promotes a virtuous circle of transparency and disclosure.
