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What is Governance
Governance is a term for activities that are used to transmit the will of owners or other interest groups (stakeholders).

Governance is a term for activities that are used to transmit the will of owners or other interest groups (stakeholders). It forms a layer between the owners and organizational management and ensures the protection of the interests of owners. It applies primarily to large organizations with a complex ownership structure. Good governance increases the level of investment protection of owners, fulfillment of legal obligations, reduces a number of risks towards the owners.

Governance in practice: Corporate Governance takes place in practice through a set of rules (policies), strategic objectives of the organization, setting management responsibilities and processes of the organization. It is exercised directly by the owners or their representatives (governing body) who lead and influence performance managers. In practice, there are several types of governance:

Related terms and methods:

Related management field:

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Last update: 13.08.2015

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heeena khan 4 months
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