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Corporate Governance

   Also found in: Legal, Acronyms, Wikipedia, Hutchinson 0.01 sec.
Corporate Governance
The manner in which the stakeholders in a corporation relate to one another. Corporate governance has a positive connotation and a company with "good" corporate governance is said to be a company in which all stakeholders relate to each other in a positive way. Good corporate governance is considered an important quality of sustainable growth for a company; that is, if the shareholders, management, and employees all fulfill their fiduciary responsibilities to one another, the corporation is thought to have a greater likelihood of success. Corporate governance is laid out in the corporation's charter and other applicable documents.


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Byline: Times News Service MUSCAT Eoe1/4" National Bank of OmanEoe1/4aos corporate governance practices have been recognised for the second consecutive year at the Eoe1/4Y[pounds sterling]Regional 2009 Bank Corporate Governance AwardEoe1/4ao competition, recently organised by the Institute of Corporate Governance (Hawkamah) and the Union of Arab Banks (UAB) in Dubai, UAE.
Regional and international experts on corporate governance are gathered in Dubai to review the progress in reforming corporate governance frameworks in Middle East and North Africa (MENA) countries and to discuss ways to speed up their implementation process in the region.
The Bank of Bahrain and Kuwait came first in the survey, the Hawkamah Institute for Corporate Governance and the Union of Arab Banks (UAB) announced yesterday in Dubai.
 
 
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