Corporate governance is "the system by which companies are directed and controlled".

May 29th, 2015
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Corporate Governance may be defined as a set of systems, processes and principles which ensure that a company is governed in the best interest of all stakeholders. It is the system by which companies are directed and controlled. It is about promoting corporate fairness, transparency and accountability. In other words, 'good corporate governance' is simply 'good business'. It ensures:  Adequate disclosures and effective decision making to achieve corporate objectives;  Transparency in business transactions;  Statutory and legal compliances;  Protection of shareholder interests;  Commitment to values and ethical conduct of business.

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Q 1 Corporate Governance is more than Just board processes and Procedures, discuss. Governance is more than just board processes and procedures. It involves the full set of relationships between a companys management, its board, its shareholders and its other stakeholders, such as its employees and the community in which it is located. The quality of governance is directly linked to the policy framework. Governments play a central role in shaping the legal, institutional and regulatory framework within which governance systems are developed. If the framework conditions are not in order, the governance regime is unlikely to be either.The policy framework covers considerations such as the legal rights of shareholders and their ability to obtain redress in case their rights are violated. The framework includes the protection of shareholders through regulation and through requirements for full disclosure of risks. These are just two examples. There are a great number of other factors that impact the way the company is controlled, managed and held accountable, and many of these factors fall squarely in the realm of policymakers.Q 2 A Good corporate governance is simply Good Business , discuss.Corporate Governance may be defined as a set of systems, processes and principles which ensure that a company is governed in the best interest of all stakeholders. It is the system by which companies are directed and controlled. It is about promoting corporate fairness, transpa

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