Internal and External Corporate Governance


 
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Internal and External Corporate Governance
Jaap de Jonge, Editor
Corporate Governance (CG) can be viewed as the system by which companies are directed and controlled. Also companies can be held accountable by CG, limiting managerial discretion in order to protect the interests of outsiders in the corporation.
These 'outsiders' can be shareholders, stakeholders, other interested parties or even society as a whole.
Any CG 'system' consist of a large number of mechanisms. We can broadly categorize CG mechanisms into two groups:

1. Internal Corporate Governance
Internal corporate governance encompasses the controlling mechanisms between various actors inside the firm: the companys management, its board and the shareholders.
In this form, the shareholders and other constituents 'delegate' the controlling function to internal entities or mechanisms, such as the Supervisory Board (in case of two-tier board) or the Board of Directors (one-tier) and/or special...Register
 

 
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Your examples of external governance mechanisms se...
 

 
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As an employee of local government (LG) service, y...
 

 
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Madan Gopal Agarwal, Member
Excellent articulation and perspective, Jaap. The ...
 

 
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Douglas Ferguson, Member
How might this structure be applied in joint ventu...
 

   

 
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Greenhow, Member
I'd appreciate clarification of some of the extern...
 

   

 
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Suleiman C. Muttani, Member
I would thank the Mr de Jonge for this interesting...
 

   

 
 

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