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Corporate Governance Is The System by Which Companies Are Directed and Controlled
Corporate Governance Is The System by Which Companies Are Directed and Controlled
Corporate Governance Is The System by Which Companies Are Directed and Controlled
Corporate governance is the system by which companies are directed and controlled.
Board 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. It also concerns
the set of rules corporations use to make decisions and take actions. The specific
details of these rules vary between industries, cultures and company size; however,
the principles of corporate governance are often highly consistent regardless of
company size, industry or country of origin. Moreover, examples of good corporate
governance include integrated business management system, ISO certification, CAPA
systems, routine internal audits, risk management, reporting, training management,
supply chain, a documented policy management system.
National Governance