what is corporate governance definition?
Corporate governance is the system of regulating of the company and provides balancing the interests of a company’s many stakeholders, such as shareholders, management, customers, suppliers & etc.
corporate governance principles definition
- Accountability: The Government provides for accountability of the Company’s Board of Directors to all shareholders.
- Fairness: Government maintains fairness for shareholders.
- Transparency: Transparency means openness, a willingness by the company to provide clear information to shareholders and other stakeholders.
- Responsibility: The Board of Directors are given authority to act on behalf of the company. They should, therefore, accept full responsibility for the powers.