Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

corporate governance

Read a random definition: lands, tenements, and hereditaments

A quick definition of corporate governance:

Corporate governance is like a set of rules that a company follows to make sure everyone is doing their job properly. It helps the company achieve its goals and makes sure everyone is working together. The board of directors is the most important group in corporate governance. They make sure the company is doing well and report to the people who own the company.

A more thorough explanation:

Definition: Corporate governance is the set of rules, practices, and procedures that guide and control a company. It helps to achieve corporate goals and monitor performance. Corporate governance involves balancing relationships, interests, and responsibilities among a company's management, board of directors, shareholders, and other stakeholders. The board of directors is responsible for the governance of the company, including setting strategic goals, providing leadership, overseeing management, and reporting to shareholders.

  • A company's board of directors is responsible for ensuring that the company is managed in the best interests of its shareholders.
  • The board of directors must approve major decisions, such as mergers and acquisitions, and ensure that they are in the best interests of the company and its shareholders.
  • The board of directors must also ensure that the company complies with all relevant laws and regulations.

These examples illustrate how corporate governance helps to ensure that a company is managed in the best interests of its shareholders and other stakeholders. The board of directors plays a crucial role in this process by setting strategic goals, providing leadership, overseeing management, and reporting to shareholders. By doing so, the board helps to ensure that the company is well-governed and able to achieve its goals.

corporate charter | corporate officers

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.