Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way in which a
corporation is directed, administered or controlled. Corporate
governance also includes the relationships among the many players involved (the
stakeholders) and the goals for which the corporation is governed. The principal players are the
shareholders,
management and the
board of directors. Other stakeholders include employees, suppliers, customers, banks and other lenders, regulators, the environment and the community at large.
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1. the control structure of a corporation.
2. the term used, following recent Government sponsored reports, to describe the policies and procedures that the company’s directors’ employ in their conduct of the company’s affairs, and their relationships with shareholders to whom they are responsible as managers of the shareholders interests in the company, and of its assets.
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