Internal and External Corporate Governance

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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 company’s 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 committees. Examples of internal corporate governance mechanisms:

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		Corporate Governance - The Role of the Customer Ashok Asthana, Consultant, India, Member
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		Keep Corporate Governance as Simple as Possible Hazem Yassin, Manager, Saudi Arabia, Member
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		Internal and External Corporate Governance D P BABU, Strategy Consultant, India, Member
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		Corporate Governance Mechanisms (Intern and Extern) alim sale, Strategy Consultant, Kenya, Member
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		Are Sub-consulting Firms part of Internal Governance? Greenhow, Consultant, Sweden, Member
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		Corporate Governance and Local Government Service Adam Mohammed Baba, Director, Ghana, Member
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		Corporate Governance Madan Gopal Agarwal, Business Consultant, India, Member
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		Corporate Governance and Joint Ventures Douglas Ferguson, Consultant, Member
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		Corporate Governance and Local Government Service Adam Mohammed Baba, Director, Ghana, Member
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		External Influences and CG Mechanisms Greenhow, Consultant, Sweden, Member
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		Transparency in Internal and External CG AIDA ACUBA, Professor, Philippines, Member
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		Corporate Governance is More of Internal Value Than for External Control Suleiman C. Muttani, Consultant, Tanzania, Member
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		Good Ethics in Internal and External Corporate Governance Kumsha, Student (MBA), Sao Tome and Principe, Member
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