What Is Good Corporate Governance?

| Total Words: 491

Good corporate governance refers to methods, laws and policies that direct, control and administers important functions of a corporation. Principal stakeholders and board of directors within the corporation are the ones who manage the principal corporation. Good corporate governance ensures the goals of the management stays within the lines of agreement of the stakeholders. Most people think there is no difference between stakeholders and shareholders in a corporation however, there is a difference and that is why it’s important to manage things correctly. While working toward maximizing shareholders value and fairness, good corporate governance system ensures their rights are protected at all times. Since Enron and WorldCom were such failures for big business, corporate governance has reinforced its protection considerably. Stakeholders and shareholders alike are driven to improve corporate governance, although some of these changes come from federal mandates. What most stakeholders want is concise information with a clear and feasible link to overall business strategy.

Corporate efficiency is shaped by good corporate governance and strengthens employment...

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