1. Corporate Governance Overview

a. describe corporate governance;

What is corporate governance? - Corporate governance is “the system by which companies are directed and controlled.” - Also: “the system of internal controls and procedures by which individual companies are managed. It provides a framework that defines the rights, roles and responsibilities of various groups … within an organization. At its core, corporate governance is the arrangement of checks, balances, and incentives a company needs in order to minimize and manage the conflicting interests between insiders and external shareowners.”