Corporate governance: Difference between revisions
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imported>Doug Williamson (Expand first definition. Source: The Treasurer Cash Management Edition 2019, p26) |
imported>Doug Williamson (Add link.) |
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* [[Corporate social responsibility ]] | * [[Corporate social responsibility ]] | ||
* [[Developments in corporate and market regulation: implications for the treasurer]] | * [[Developments in corporate and market regulation: implications for the treasurer]] | ||
* [[ESG]] | |||
* [[ESG investment]] | * [[ESG investment]] | ||
* [[Ethics]] | * [[Ethics]] | ||
Revision as of 15:04, 2 April 2019
1.
A framework that
(i) provides guidance on strategy, including assessing risk
(ii) ensures effective monitoring of management and
(iii) makes certain that managers are accountable to stakeholders.
The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the organisation.
Among other concerns, corporate governance includes management structure, employee relations and executive and employee compensation.
2.
Comparable frameworks in non-commercial organisations.
In the non-commercial context the term 'governance' (without the 'corporate' part) is more common.
See also
- Agency risk
- Audit committee
- Board of directors
- Board reserved powers
- Corporate social responsibility
- Developments in corporate and market regulation: implications for the treasurer
- ESG
- ESG investment
- Ethics
- Governance
- Kay Review
- Institute of Business Ethics
- Shareholder value
- UK Corporate Governance Code
