Robert Nii Arday Clegg writes: What is corporate governance?
I was called to the Bar in Ghana in 2006, having met all the requirements for admission, including passing Company Law. Corporate Governance as a course of study was not on offer as part of my legal education. 7 years later, I gained admission to Harvard Law School (HLS) to pursue a Master of Laws […]
Corporate governance refers to the system by which companies are directed and controlled, encompassing the relationships at the top of an organization—namely, the board of directors, senior managers, and shareholders. It is distinct from corporate law, which focuses on the formation, dissolution, and legal requirements for a company's continuous existence.
While corporate law sets the minimal standards, corporate governance allows for best practices and ethical conduct to improve performance. For instance, a company may be required to meet periodically, but corporate governance determines whether this minimum is sufficient based on circumstances. Corporate governance principles such as accountability, openness, fairness, and responsibility have been emphasized in various guidelines and reports, including the UK Corporate Governance Code, OECD Guidelines on Corporate Governance of State-Owned Enterprises, and the Sarbanes-Oxley Act.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
