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Contemporary discussions of corporate governance tend to refer to principles raised in three documents released since 1990: The Cadbury Report (UK, 1992), the Principles of Corporate Governance (OECD, 1999, 2004, 2015 and 2023), and the Sarbanes–Oxley Act of 2002 (US, 2002).
Corporate law (also known as company law or enterprise law) is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal practice of law relating to corporations, or to the theory of corporations .
The evidence on "efficiency" is mixed, with codetermination having either no effect or a positive but generally small effect on enterprise performance. [6] The following is a list of 35 countries in the Organisation for Economic Co-operation and Development and their practices of worker representation on corporate boards of directors. [7]
Governance, risk, and compliance (GRC) are three related facets that aim to assure an organization reliably achieves objectives, addresses uncertainty and acts with integrity. [8] Governance is the combination of processes established and executed by the directors (or the board of directors) that are reflected in the organization's structure ...
Every state and territory has its own basic corporate code, while federal law creates minimum standards for trade in company shares and governance rights, found mostly in the Securities Act of 1933 and the Securities and Exchange Act of 1934, as amended by laws like the Sarbanes–Oxley Act of 2002 and the Dodd–Frank Wall Street Reform and ...
Shareholder democracy is a concept relating to the governance structure of modern corporations. In this structure, shareholders bear ultimate controlling authority over the corporation, as they are the owners and may exercise control within their economic rights. Although shareholders own the corporation, they generally take a passive interest ...
Corporate governance is included in the JEL classification codes as JEL: G34 The main article for this category is Corporate governance . Articles relating to corporate governance , the collection of mechanisms, processes and relations used by various parties to control and to operate a corporation .
In the field of corporate governance and corporate responsibility, a debate [5] [6] is ongoing about whether the firm or company should be managed primarily for stakeholders, stockholders (shareholders), customers, or others. [7] Proponents in favor of stakeholders may base their arguments on the following four key assertions: