corporate governance statement definition
A corporate governance statement is an overview of the processes by which a company is directed. Typically, it is directed at shareholders and potential shareholders in the interest of complete corporate transparency, a concept that implies that all the shareholders should know exactly how the company is being operated. corporate governance statement can be used to limit abuse of power by the company's board of directors. A corporate governance statement will speak to the roles and responsibilities of the officers of the company. View slideshow of images above. Watch the Did-You-Know slideshow.