Corporate governance corresponds to Law Suit, mores, politics, laws and institutions that are used to make the management of a company.
Corporate governance also includes the relationships between those involved and the goals for which the corporation is governed. In contemporary organizations, the main groups of external stakeholders are the shareholders, the creditors, businesses, suppliers, customers, and communities affected by the corporation's activities (they are also known as stakeholders). Internally, the interested parties are formed by the board of directors, executives and other employees.
Corporate governance is a multifaceted theme, mainly due to the nature and extent of the responsibility of specific individuals in the organization. One of the impacts of a corporate governance system is on economic efficiency, with an emphasis on the well-being of shareholders.
In its essence, Corporate Governance has as its main objective to recover and ensure the reliability of a given company for its shareholders, creating a an efficient set of mechanisms, both incentives and monitoring, in order to ensure that the behavior of executives is always aligned with the interests of the shareholders.
Good Corporate Governance contributes to sustainable economic development, providing improvements in the performance of companies. For these reasons, it is so important to have qualified advisors and governance systems Quality corporate, thus avoiding various business failures such as abuses of power, mistakes and frauds.
