Teacher 

: P. BADJI

Business Governance - Explained

What is Business Governance?
Written by Jason Gordon

Updated on September 25th, 2021

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What is business governance?

Business governance concerns the actions and controls placed on those charged with
managing a business entity. Business governance is the subject of extensive legislation and
research, particularly as it pertains to the corporate entity form. Corporate governance
generally concerns the internal control of a corporation as influenced or controlled by state
and federal law, rules of ethics, and industry standards. It specifically focuses on the actions
of managers and directors and the observance of procedural safeguards of shareholder rights.

Example: Issues in corporate governance include, voting rights, meeting requirements,

approval of corporate actions, record retentions, disclosure of information, and any other
procedural undertakings concerning the management of the corporation.

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