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Definition of

corporate governance

Corporate Governance

system for running firm the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The stockholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place. The responsibilities of the board include setting the company's strategic goals, providing the leadership to put them into effect, supervising the management of the business, and reporting to the stockholders on their stewardship. The board's actions are subject to laws, regulations, and the wishes of the stockholders in the general meeting.

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Definitions of ’corporate governance’ and meaning of ’corporate governance’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’corporate governance’ and other financial terms with our online QFINANCE Financial Dictionary.

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