Corporate Governance: Definition, Principles, Models, and …
Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. Establishing and implementing these practices involves balancing the interests of a co… See more
Understanding Corporate GovernanceGovernance refers to the set of rules, controls, policies, and resolutions put in place to direct … See more
InvestopediaCorporate Governance and The Board of DirectorsThe board of directorsis the primary direct stakeholder influencing corporate governance. Directors are elected by shareholders or appointed by other board members a… See more
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- The principles of good corporate governance include12:
- Fairness: The board of directors must treat shareholders, employees, vendors, and communities fairly and with equal consideration.
- Transparency: The board should provide timely, accurate, and clear information about such things as financial performance, conflicts of interest, and risks to shareholders and other stakeholders.
- Risk management
- Responsibility
- Accountability: Accountability means to be answerable and be obligated to take responsibility for one’s actions.
- Independence
- Social responsibility: Companies should be responsible for the impact of their activities on society and the environment.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Principles of Corporate Governance
- Fairness The board of directors must treat shareholders, employees, vendors, and communities fairly and with equal consideration.
www.investopedia.com/terms/c/corporategovernan…Principles of Corporate Governance
- Accountability Accountability means to be answerable and be obligated to take responsibility for one’s actions. By doing so, two things can be ensured- ...
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