Category: Governance

Corporate governance is the legal and factual framework for the management and monitoring of companies for the goodwill of all relevant stakeholders. As a stakeholder approach it goes beyond the narrower shareholder approach, but includes it. The regulatory framework is largely determined by the legislator and owner. The specific design is the responsibility of the supervisory or administrative board and company management. The company-specific corporate governance system consists of the entirety of relevant laws, guidelines, codes, letters of intent, corporate mission statement, and the habits of company management and supervision.