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corporate governance
noun
- the balance of control between the stakeholders, managers, and directors of an organization
Example Sentences
“This has been a very strange process,” Charles Elson, founding director of the Weinberg Center for Corporate Governance at University of Delaware, said Friday.
The Tesla board instantly executed the change of incorporation, which is evidently rooted in Musk’s conviction that Texas courts, which have little experience in adjudicating corporate governance issues, will be more pliant in his hands than the very experienced Delaware judiciary.
“Stockholders should know whether the board’s request for a vote is motivated by the threat — and what, if anything, the board plans to do about Musk’s threat if he attempts to carry it out,” wrote corporate governance experts Lucian Bebchuk and Robert J. Jackson Jr. prior to Thursday’s vote.
“You have a case of a particularly empowered executive sitting in a chairman’s role,” said Michael Garland, the head of corporate governance at the New York City Comptroller’s Office, which manages the city’s more than $260 billion retirement fund system.
But that national trend has started to change in recent years, with more investors using their votes to pressure companies to enhance profitability and corporate governance.
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