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Corporate Governance
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Corporate governance is a topic that has received growing attention in the public in recent years as policy makers and others become more aware of the contribution good corporate governance makes to financial market stability and economic growth. Corporate governance is all about controlling your business and so is relevant, and indeed vital, for all organisations, whatever size or structure.
The concept of corporate governance has proved difficult to define precisely, because it covers a large number of concepts and economic relationships that affect many people. The OECD has the following working definition of corporate governance:
"Corporate governance is the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. By doing this, it also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performanc
Saylor - Personal Name
1st Edtion
NONE
Corporate
Management
English
2005
1-86
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