Corporate Governance: What is Corporate Governance?

From the link: http://en.wikipedia.org/wiki/Corporate_governance

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

It involves regulatory and market mechanisms, and the roles and relationships between a company’s management, its board, its shareholders and other stakeholders, and the goals for which the corporation is governed. In contemporary business corporations, the main external stakeholder groups are shareholders, debtholders, trade creditors, suppliers, customers and communities affected by the corporation's activities. Internal stakeholders are the board of directors, executives, and other employees.

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