"Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society." (Dominic Cadbury, UK, "Commission Report: Corporate Governance", 1992)
"The system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as the board of directors, managers, employees, shareholders, and other stakeholders, and spells out the rules and procedures for making decisions about corporate affairs." (Tilak Mitra et al, "SOA Governance", 2008)
"Rules and processses ensuring that the enterprise adheres to accepted ethical standards, best practices, and laws." (Linda Volonino & Efraim Turban, "Information Technology for Management" 8th Ed., 2011)
"This focuses on who the firm should serve, the distribution of power and relationships among different stakeholders, and the selection and conduct of senior management." (Duncan Angwin et al, "The Strategy Pathfinder: Core Concepts and Live Cases" 2nd Ed., 2011)
"Essentially, decision making and communications. The need for good governance stems from the need of organizations to make good decisions and to communicate them effectively. Often, when faced with poor outcomes, the organization needs to review how the decisions were made and then put into place structures that support better future decisions. It can be considered to encompass relationships among a company’s management, its board (or management team), its shareholders, and other stakeholders and to provide the structure through which the objectives of the company are set, as well as the means of attaining those objectives and monitoring performance." (Paul C Dinsmore et al, "Enterprise Project Governance", 2012)
"Corporate governance is a set of relationships framed by corporate bylaws, articles of association, charters, and applicable statutory or other legal rules and principles, between the board of directors, shareholders, and other stakeholders of a organization that outlines the relationship among these groups, sets rules how the organization should be managed, and sets its operational framework." (Christopher Donohue et al, "Foundations of Financial Risk: An Overview of Financial Risk and Risk-based Financial Regulation" 2nd Ed, 2015)
"This focuses on who the firm should serve, the distribution of power and relationships among different stakeholders, and the selection and conduct of senior management." (Duncan Angwin & Stephen Cummings, "The Strategy Pathfinder" 3rd Ed., 2017)
"The framework of rules, norms, and accepted practice established as an organizational infrastructure to enable strategic outcomes, accountability, transparency, oversight, and the management of data, risk, and relationships." (Kevin J Sweeney, "Re-Imagining Data Governance", 2018)
"The system by which companies are directed and controlled." (Robert M Grant, "Contemporary Strategy Analysis" 10th Ed., 2018)
"The systems and controls in place to protect the rights of corporate stakeholders." (Donald DePamphilis, "Mergers, Acquisitions, and Other Restructuring Activities" 10th Ed., 2019)
"The tangible and intangible way firms behave and relate with stakeholders. Many nations have codified the behavior and accountability expected of directors to provide equitable treatment all stakeholders." (Sue Milton, "Data Privacy vs. Data Security", 2021)
"The system by which enterprises are directed and controlled. The board of directors is responsible for the governance of their enterprise. It consists of the leadership and organizational structures and processes that ensure the enterprise sustains and extends strategies and objectives." (ISACA)
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