Corporate Governance: our definition
Corporate governance is about the way a company is managed and controlled. Corporate governance comprises an integrated set of processes, procedures, competencies and behaviours that aim to balance the diverse interests and goals of the various stakeholders. Corporate governance looks at how the board is made up and how it operates, the relationship between board and management, internal and external control systems, the ownership structure, shareholder rights and the market for corporate control. A good governance system creates value by balancing responsibility and accountability, and focusing on defining, assessing and monitoring overall enterprise risk. Good governance also creates a virtuous circle of transparency and disclosure.