What does corporate governance refer to the management of relationship between?
In the Preamble of the OECD Principles of Corporate Governance (2004, 11), Corporate Governance is defined as “a set of relationships between a company's management, its board, its shareholders, and other stakeholders..
What does corporate governance refer to the relationship between?
Corporate governance essentially involves balancing the interests of a company's many stakeholders, which can include shareholders, senior management, customers, suppliers, lenders, the government, and the community..
What does corporate governance relate to?
Corporate governance is the system by which companies are directed and controlled.
Boards of directors are responsible for the governance of their companies.
The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place..
What is the relationship between business and corporate governance?
Business ethics are the moral standards that an organization upholds when conducting its business actions.
Corporate governance is the internal structure that a business develops and uses to rule and protect those who have invested in it and whomever is involved in this business..
What is the relationship between corporate governance and company performance?
Corporate governance is the set of rules and practices a company employs to direct its decisions and actions.
Since these rules dictate how a company reaches its decisions, corporate governance processes have a significant impact on a company's performance..
What is the relationship between IT governance and corporate governance?
IT governance is the process of managing and controlling an organization's IT infrastructure.
Corporate governance is the process of managing and controlling an organization as a whole.
Both processes are important to the success of an organization but have different focuses..
