Governance Factors

Question 1

Define “Corporate Governance”

Answer 1

Corporate governance is the process by which a company is managed and overseen.

It is framed by local law and culture, and almost all countries
have a formal but non-binding corporate governance code to set stand and expectations.

Question 2

What factors ultimately determine corporate governance?

Answer 2

Even within these formal frames, governance comes down to people and how they interact;

People need information and they need to be able to make the relevant people accountable for their decisions.