1- board of directors
2- management
3- shareholders & stakeholders
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Agency costs
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
the main difference between corporate governance and ethics is that the ethics are the philosophical and morally decent standards that a corporation attempts to stand by, while governance processes are the means by which a corporation attempts to remain as ethical as possible while still making a profit. The governance obligations and operations of a corporation vary depending on its type. For example, a sole-proprietorship--a business owned by a single person--has different financial necessities and legal obligations than a massive, publicly-traded corporation
§Good ethics should be seen as a driver of profitability rather than a burden on business. §An ethical framework is part of good corporate governance and suggests a well run business. §Investors are reassured about the company's approach to risk management. §Employees will be motivated in the knowledge that they operate in an environment of good ethical corporate behaviour
what is meant by corporate governance?
corporate governance advantages and disadvantages
Walter Effross has written: 'Corporate governance' -- subject(s): Law and legislation, Corporate governance 'Corporate governance' -- subject(s): Law and legislation, Corporate governance
relevance to corporate strategy and corporate governance
What is the effect of corporate governance on foreign investment?
Corporate governance is key in implementing responsible corporate practices. This includes implementing practices that are in line with government regulations.
Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.
What is the synonym government.
6 step effective corporate governance
Kshama V. Kaushik has written: 'Corporate governance' -- subject(s): Corporate governance
Rashidah Abdul Rahman. has written: 'Effective corporate governance' -- subject(s): Corporate governance
Fred R. Kaen has written: 'A blueprint for corporate governance' -- subject(s): Corporate governance