- Corporate governance is a framework of rules, practices and processes used to guide and manage a company.
- The company’s board of directors is the main force influencing corporate governance.
- Poor corporate governance can cast doubt on a company’s operations and its ultimate profitability.
- Corporate governance covers the areas of environmental awareness, ethical behavior, corporate strategy, compensation and risk management.
- The main principles of corporate governance are accountability, transparency, fairness, responsibility and risk management.