Corporate governance

{
  "id": "MLC-T-LAW-001317",
  "term": "Corporate governance",
  "field": "Law",
  "definition": "The system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. This framework encompasses the relationship between a company's management, its board of directors, its shareholders, and other stakeholders, adhering to regulations like the Sarbanes-Oxley Act.",
  "url": "https://mlchart.com/terminology/law/corporate-governance/"
}