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Corporate Governance     Print

The system by which corporations are directed and controlled.

The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the organisation, such as the Board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. Source: OECD

A set of responsibilities and practices exercised by the board and executive management with the goal of providing strategic direction, ensuring that objectives are achieved, ascertaining that risk is managed appropriately and verifying that the entrerprise resources are used responsibly. Source: COBIT 5.

In the broadest sense, which is increasingly widespread today, corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. The governance framework is there to encourage the efficient use of resources and equally to require accountability for the stewardship of those resources. The aim is to align as nearly as possible the interests of individuals, corporations and society.

 Translation

Dutch deugdelijk bestuur; behoorlijk bestuur
French Gouvernance d'entreprise; gouvernement d'entrerprise

See also: IT Governance

Discover the Belgian governance codes:

2004 (EN) Belgian Corporate Governance Code - Commission Lippens  
2004 (FR) Code Belge de Gouvernance d Entreprise - Commission Lippens  
2004 (NL) Belgische Corporate Governance Code - Commissie Lippens  
2005 (FR) Code Buysse - Commission Buysse  
2005 (NL) Code Buysse - Commissie Buysse  
2006 (EN) People Governance Charter - People Governance Commission  
2009 (EN) The 2009 Belgian Code On Corporate Governance  
2009 (FR) Code Buysse II - Commission Buysse  
2009 (FR) Code Buysse II en 12 slides  
2009 (FR) Le Code Belge de Gouvernance d Enterprise 2009  
2009 (NL) Belgische Corporate Governance Code 2009  
2009 (NL) Code Buysse II - Commissie Buysse  
2009 (NL) Code Buysse II in 12 slides  


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