MLchartDataset catalogue

Corporate governance

Term · Insurance and risk management · MLC-T-INS-000984

The system of rules, practices, and processes by which a company is directed and controlled, defining the distribution of rights and responsibilities among different participants. It specifies the procedures for making decisions on corporate affairs and provides the structure through which company objectives are set and attained. Weak corporate governance is a key risk factor assessed by underwriters for Directors and Officers (D&O) liability insurance, as it can lead to mismanagement, fraud, and shareholder lawsuits.

Table 1. Record
IdentifierMLC-T-INS-000984
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-000984",
  "term": "Corporate governance",
  "field": "Insurance and risk management",
  "definition": "The system of rules, practices, and processes by which a company is directed and controlled, defining the distribution of rights and responsibilities among different participants. It specifies the procedures for making decisions on corporate affairs and provides the structure through which company objectives are set and attained. Weak corporate governance is a key risk factor assessed by underwriters for Directors and Officers (D&O) liability insurance, as it can lead to mismanagement, fraud, and shareholder lawsuits.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/corporate-governance/"
}

Record 784 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.