Corporate governance is the method by which a corporation is directed, administered or controlled. The principal participants are the shareholders, management and the board of directors. Other participants include regulators, employees, suppliers, partners, customers, constituents (for elected bodies) and the general community.
[+] Issues in Corporate Governance
governance, corruption, white collar crime
[+] Position: It is the responsibility of the governance structure of the corporation to ensure that the coporation conducts its affairs in a manner that conforms to the requirements established by the government.
[+] Position: Corporations are responsible to multiple stakeholders
[+] Position: Corporations have a Primary Responsibility to their Shareholders
Managerial Transaction Costs - encycogov.com