Corporate Governance : Definition
I came across a good definition of Corporate Governance today :
Governance is the sum of all international and national rules, regulations, values and principles, which are binding for our company and determine how to lead and supervise. Therefore Corporate Governance is very complex and includes obligatory and voluntary measures: Observing laws and regulations, following approved standards and recommendations as well as developing and following group-owned guidelines.
Corporate Governance means “responsible management and control” in order to safeguard the company and all employees.