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what is corporate governance well its not rocket surgery its what you can do to keep your organization of the front page of the newspaper there are various definitions ing to the ASX corporate governance council corporate governance is the system of rules relationships and practices that determine the direction and control of an organization ing to OECD corporate governance is a key element in improving economic efficiency and growth as well as enhancing investor confidence but in practical terms governance means the system by which an organization is controlled and operates and the mechanisms by which it and its people are held to account the word governance comes from Latin meaning helmsman or captain of the ship but what is principally responsible for ensuring the corporate bodies discharge of their responsibilities to stakeholders it defines the relationships between Directors management shareholders in the stakeholders Authority cascades down from the board to the CEO in the exe
