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What is external governance?In: Business Plans |
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Corporate and External Governance
According to Whatis.com:
Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces (external governance) such as consumer groups, clients, and government regulations. A well-defined and enforced corporate governance provides a structure that, at least in theory, works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal laws. To that end, organizations have been formed at the regional, national and global levels.
First answer by Crystal. Last edit by Crystal. Contributor trust: 1454 [recommend contributor]. Question popularity: 81 [recommend question]
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