corporate-governance
/ˈkɔː.pər.ət ˈɡʌv.ən.əns/ IELTSAcademic
noun
The system of rules, practices, and people that control and direct a company. It covers how a company is run, how decisions are made, and how leaders are checked.
- Good corporate governance builds trust with investors.
- The board reviewed the company's corporate governance.
Adinary Nuance
Corporate governance is broader than management. Management runs daily work, but corporate governance sets oversight, rules, and accountability. It is also different from leadership, which focuses more on guiding people than checking company control.
In other languages
- Vietnamese
- quản trị công ty
- Spanish
- gobierno corporativo
- Chinese
- 公司治理
- Japanese
- コーポレートガバナンス
- Korean
- 기업 지배 구조
Etymology
The word combines corporate, from Latin corpus meaning “body,” and governance, from Old French gouvernance, meaning “rule” or “management.” It became common in business language in the late 20th century.
Common phrases
strong corporate governancecorporate governance standardscorporate governance practicescorporate governance rules
Synonyms
Related words
Frequently asked questions
- Is corporate governance the same as management?
- No. Management handles daily operations, while corporate governance focuses on oversight and control.
- Is corporate governance used in business writing?
- Yes. It is very common in business, finance, and academic writing.
- What does corporate governance include?
- It includes the board, company rules, decision-making, and accountability systems.