corporate governance
nounUK /ˈkɔː.pər.ət ˈɡʌv.ən.əns/
US /ˈkɔːr.pɚ.ət ˈɡʌv.ɚ.nəns/
The rules and people that make sure a big company is run fairly and honestly.
Good corporate governance helps stop company leaders from cheating.
OTHER MEANINGS
2. The system of rules and practices by which a company is directed and controlled.
The report praised the firm's strong corporate governance.
3. The way a company balances the interests of its owners, managers, and workers.
Investors look at corporate governance before buying shares.
4. The set of laws and customs that guide how a business is managed.
New corporate governance rules were introduced after the scandal.