Governance versus Management

Governance versus Management

What is the key difference between management and (corporate) governance? Well, in essence:
- Management (M) involves the activities of directing a (part of a) business.
- Governance (G) involves setting the conditions within which others can manage effectively. G also refers to the oversight of the entire firm on behalf of the owners of the firm - the shareholders - and the other stakeholders.

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		1 Ricardo Zelaya Moreno Consultant, Peru
	Dirección de Empresas y Gobierno Corporativo Business management is the practice of management science, based on knowledge and responsibility. In corporate governance, like in public governance, we need to design transparant policies that promote the common good, taking into account the satisfaction of the needs, or the best balance, between groups of stakeholders. La dirección de empresas es la práctica de la ciencia de la administración, basada en el conocimiento y responsabilidad; en la gobernanza, como gestión pública tenemos que diseñar políticas públicas que promuevan el bien común, tomando en cuenta la satisfacción de las necesidades o el mejor equilibrio entre los grupos de interés.

		1 Wilbert Tomlinson HR Consultant, Jamaica
	Management versus Corporate Governance In slightly different words: - Management is the application of management functions and principles... Sign up

		1 K.Narayana Moorthy HR Consultant, India
	Key Difference Between Management & (Corporate ) Governance MANAGEMENT: Plans, builds, runs and monitors activities in alignment with the direction set by the g... Sign up