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Enterprise governance is defined as 'the set of responsibilities and practices exercised by the board and executive management to provide strategic direction, ensure that objectives are achieved, ascertain that risks are managed appropriately and verify that the organization's resources are used responsibly,' according to CIMA Official Terminology. [8]
Clear statement of responsibilities and authorities delegated; Specific operational processes for fielding the system; Processes for initiating, developing, maintaining, and retiring the system; A CONOPS should relate a narrative of the process to be followed in implementing a system. It should define the roles of the stakeholders involved ...
Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons. In most countries, a corporation has the same rights as a ...
The corporate responsibility to respect human rights; Access to remedy for victims of business-related abuses; The UNGPs have received wide support from states, civil society organizations, and even the private sector, this has further solidified their status as the key global foundation for business and human rights. [2]
American libertarians and anarcho-capitalists have also argued that the system by which the public sector is funded, namely taxation, is itself coercive and unjust. [5] However, some small-government proponents have pushed back on this point of view, citing the ultimate necessity of a public sector for provision of certain services, such as ...
The international definition according to the Federation of Enterprise Architecture Professional Organizations is "a well-defined practice for conducting enterprise analysis, design, planning, and implementation, using a comprehensive approach at all times, for the successful development and execution of strategy.
States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinational corporations that can pick and choose their suppliers and locations based on their perception of the regulatory environment, local state regulations have resulted in uneven practices within one company.
The definition of corporate responsibilities through a classification of stakeholders to consider has been criticized as creating a false dichotomy between the "shareholder model" and the "stakeholder model", [2] or a false analogy of the obligations towards shareholders and other interested parties.