Corporate Governance

A good definition is always important. This is how Webster's New World Finance and Investment Dictionary ( 2003 )defines Corporate Governance. The historical perspective is also useful.


"The policies, procedures, and rules that determine how a corporation is managed, as defined by the company’s bylaws, corporate charter, policies, and applicable laws. Following the flurry of record-setting corporate bankruptcies in 2001 and 2002, corporate governance became a high-profile topic."

Webster's New World Dictionary (2003) accessed via Credo Reference [online] via http://library.beds.ac.uk on 1st December 2009