Elucidate what do you mean by Corporate Governance

Question

Elucidate what do you mean by Corporate Governance?

Answer 1

Corporate governance refers to “rules governing organization as well as management of the business and affairs of a corporation which meet its internal intentions as well as external responsibilities.” This definition refers to the two distinct types of corporate activities delineated in the Canada Business Corporations Act (and the corresponding provincial statutes, including the Business Corporations Act).