what is good corporate governance
DEFINITION of 'Corporate Governance'. The system of rules, practices and processes by which a company is directed and controlled.Corporate governance essentially involves balancing the interests of the many stakeholders in a company-these include its shareholders, management, customers, suppliers, financiers, government and the community.orporate governance refers to the formally established guidelines that determine how a company is run. The companyâs board of directors approves and periodically reviews the guidelines, which ...