Designation in international parlance for company management and company controlling focused on responsible, long-term value creation
Binding rules and regulations issued by the SWX Swiss Exchange (Guidelines regarding information on Corporate Governance) and economiesuisse (Swiss Code of Best Practice) regarding responsible behavior of the Board of Directors of a company, and making their principles of behavior known to the public.
The systems used to control corporations, and in particular deal with conflicts of interest between shareholders and managers (agency problems).... more on: Corporate governance
Comprises the entire management and control of a company, including its organizational structure, business policy principles, guidelines, and internal and external regulation and monitoring mechanisms. The Corporate Governance Code represents significant legal requirements, recommendations and suggestions for the management and monitoring of German stock-exchange-listed companies, contains standards for good, responsible corporate management and is aimed at making the German corporate governance system transparent and comprehensible.
The process and structure used to direct and manage the business and affairs of an organisation to ensure a high standard of performance is achieved, as well as value for money.
The framework for shareholders, management, the Board of Directors and other main participants to decide on the future direction of a company and its activities, so as to ensure consistent growth and efficient management.
The means by which a company manages itself and the risks it faces. There are a series of important standards companies must meet on Corporate Governance to maintain their listing on various stock exchanges.
the term encompasses the full range of principles directed towards protecting shareholdersâ€(tm) interests, seeking to ensure good management, a sound control environment with adequate checks and balances and transparency within the organisation.
the system by which organizations are directed and controlled. Boards of directors are responsible for the governance of their organization. (Source: The Cadbury Report)
Corporate Governance refers to the accountability of directors and auditors, standards of financial reporting etc. Corporate Governance is about the way that companies are governed and controlled. See Combined Code.
A term broadly referring to management practices, Board structures and personnel policies of companies. From an investor's point of view, corporate governance is normally concerned with the degree of influence that should be exerted over companies by their shareholders in order to advance their financial interests, usually via voting rights or proxies at Annual General Meetings. As the size of institutional investment increases in Australia, the issue of corporate governance is becoming increasingly significant.
an important area where risk managers can provide value
ABN AMRO views corporate governance as the way it conducts relations between shareholders, Supervisory Board, Managing Board and employees. The Dutch model of corporate governance is characterised by a two-tier system, comprising one body composed solely of non-executive directors (the Supervisory Board) and one body composed solely of management (the Managing Board).
The distribution of rights and responsibilities among different participants in a company, in particular shareholders, the Executive Board, the Supervisory Board.
The relationship between the sponsors, board of directors and the management of an organization which ensures that management carries out its responsibilities in a lawful and compliant manner at all times.
The structure through which the objectives of an organization are set, the means of attaining those objectives are provided, determines performance monitoring guidelines, and encouraging to use resources efficiently.
The role of the board of directors and the performance of top management.
Structures and processes that the Dairy Adjustment Authority has in place to ensure compliance with statutory and other obligations.
the ability of institutional and individual shareowners to better govern corporations, enhancing both corporate accountability and the creation of wealth. Shareholder proxy voting rights are subject to the same fiduciary standards as other plan assets. Key institutional investors are shifting from trading to owning. In Nell Minow's words, "boards of directors are like subatomic particles--they behave differently when they are observed." For corporate governance and related subjects, click here.
Generally recognized and increasingly internationally observed standards of conduct for the responsible management and monitoring of a company targeted at adding value.
"The act of thinking and acting strategically by setting the parameters and establishing the values within which an organisation's executive body and all staff are free to act. It includes: adherence to external regulations, codes of best practice an accounting standards and the creation of an environment within which internal management control systems and audit may operate effectively." Governance Processes for Public Services (Tomkins et al, CIMA, 1998)"Corporate governance is the system by which companies are directed and controlled." Cadbury Report, para 2.5
Defining and implementing a system of rules, processes procedures and relationships to manage the organisation and fulfill its legal, financial and ethical obligations.
Corporate governance is the increasingly important principle that shareholders should take more than just a simple financial interest in their shareholdings. The rise of the institutional shareholder, especially the pension fund shareholder, has meant that the balance of power between shareholder and management has swung in favour of shareholders. Corporate governance principles are now often expressed in customer agreements, so that investment managers are required to consider shareholders' votes (called “proxy votes”) when they can.
The mechanism whereby companies are governed, including systems and structures through which a company interacts with outside holders of ownership claims and the processes adopted by boards of directors to exercise the rights delegated to them by outside claimants. This typically considers how the activities of directors are controlled by the owners and other parties or stakeholders interested in the company's performance.
Corporate governance is the close scrutiny of company management through information disclosure, financial auditing and enhancement of shareholders' rights. A series of corporate scandals, which occurred after the economic bubble burst in the early 1990s, triggered a move toward tighter corporate governance in Japan. Large shareholders in the U.S. and Europe, such as private pension fund managers and institutional investors, play a significant role in corporate governance. They often intervene directly in executive appointments and other managerial issues. In the U.S., in particular, responsibility for managing pension funds is clearly stipulated in law. Pension fund companies are actively involved in corporate governance, in line with their stated asset-management objectives.
Provides the structures through which the objectives of the firm are set, and the means of attaining those objectives and monitoring performance. It involves the development of systems and processes for ensuring proper accountability, probity and openness in the conduct of an organisation's business.
The running of a company and a big issue for the City. Both Cadbury and Hampel reported on the problem but investors should always look closely at how a company is run.
The system of relations between the shareholders, Board of Directors and management of a company, as defined by the corporate charter, bylaws, formal policy and rule of law.
The processes, structures, and information used for directing and overseeing the management of an organisation.
The means by which shareholders govern the management of a company through the use of voting powers (see proxy).
Systems and processes for ensuring proper accountability, probity and openness in the conduct of an organisationâ€™s business. Corporate governance is a core responsibility of all NHS organisations including PCTs.
A generic term covering issues associated with the management practice, Board structures and personnel policies of companies. From the investor's point of view, corporate governance is normally concerned with the degree of influence which should be exerted over companies by their shareholders in order to advance their financial interest, normally through the exercising of voting rights.
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Balance of powers between Boards of Directors, senior management, shareholders and stakeholders of companies.
Systems and processes for ensuring proper accountability, probity and openness in the conduct of an organisation's business. Compliance guidelines for sound corporate governance demand that organisations be able to authenticate who has access to information and systems and what security measures are in place to control and monitor that access. Identity management systems, in which fingerprint biometrics and IT systems play their part, safeguard corporate information assets while also providing audit accountability.
"...the structure through which the objectives of an organization are set, and the means of attaining those objectives, and determines monitoring performance guidelines. Good corporate governance should provide proper incentives for board and management to pursue objectives that are in the interests of the company and stakeholders and should facilitate effective monitoring, thereby encouraging firms to use resources more efficiently." (Source: Principles of Corporate Governance, 1999 issued by the Organization for Economic Cooperation and Development (OECD))
"Corporate Governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The corporate governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society"(Sir Adrian Cadbury in 'Global Corporate Governance Forum', World Bank, 2000)
Corporate governance is a wide framework of systems, rules, interfaces and principles that form the basis of fiduciary corporate culture and values.
Corporate governance refers to the body of systems and practices by which corporations are structured and governed.
Corporate governance refers to the entire system of managing and overseeing a company. This includes the organization of a company, its principles and guidelines as well as all internal and external regulatory and monitoring mechanisms.
Corporate governance describes the way companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholdersâ€(tm) role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.
Describes the ways in which rights and responsibilities are shared between the various corporate participants, especially the management and the shareholders.
The term used, following recent Government sponsored reports, to describe the policies and procedures that the company’s directors’ employ in their conduct of the company’s affairs, and their relationships with shareholders to whom they are responsible as managers of the shareholders interests in the company, and of its assets
The way in which a company ensures that it is attaching maximum importance to the interests of its shareholders and how shareholders can influence management. Governance issues include executive pay levels and how institutional investors use their votes. See also Voting Rights.
Corporate management and monitoring system which is based on responsible long-term added value.
The manner in which an organisation is governed and how it deals with the various interests of its customers, shareholders, employees and society at large.
The system/process by which the directors and officers of an organisation are required to carry out and discharge their legal and regulatory accountabilities and responsibilities.
The system by which businesses are run. This includes the director's duty to ensure that the business is properly and honestly managed
the process and structure used to direct and manage the business and affairs of the business enterprise with the objective of enhancing long-term value for the shareholders and the financial viability of the business. Page 44
Corporate Governance incorporates all the principles and regulations relating to the management and control of a company.
the practices, principles and values that guide a company and its business every day, at all levels of the organization.
The system by which organisations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among participants in the organisationâ€¦.and spells out the rules and procedures for making decisions on corporate affairs. By doing this, it provides the structure through which the corporate objectives are set, and the means of attaining those objectives and monitoring performance.
The system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the organization, such as the Board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. In the broadest sense, which is increasingly widespread today, corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society.
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The relationship between the shareholders, Board of Directors, and the management of the company to ensure that management acts in a way to protect the interests of the investors (including creditors) in the company.
the way a company is structured and managed, especially regarding the rights of shareholders
The way in which a company is governed and how it deals with the various interests of its customers, shareholders, employees and society at large.
The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law.
Normally concerned with the degree of management influence that shareholders exert over a company in order to further their financial interests.
Corporate governance is the set of processes, customs, policies, laws and institutions affecting the way a corporation is directed, administered or controlled. Corporate governance also includes the relationships among the many players involved (the stakeholders) and the goals for which the corporation is governed. The principal players are the shareholders, management and the board of directors.