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welcome my name is Jeff Mahoney and Im the general counsel of the Council of institutional investors our topic today is what is corporate governance and why is it important to you corporate governance made up of two words lets first talk for a moment about the word corporate for our purposes word corporate refers to a corporation which is a special type of business that typically sells goods or services to customers many well-known global businesses like Apple coca-cola in Amazon our corporations a corporation is unique from other forms of business in at least two respects first the owners of a corporation as shareholders are not personally responsible for paying the debts of the business yet they have the right to profit from the success of the business the second reason why corporations are unique from other forms of businesses is that the owners of the corporation the shareholders do not directly manage or participate in the day-to-day activities of the business instead they vote
