The Anti-Corruption Plain Language Guide - Transparency ...
The Anti-Corruption Plain Language Guide - Transparency ...
The Anti-Corruption Plain Language Guide - Transparency ...
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Corporate Governance<br />
Definition<br />
Procedures and processes for how private sector organisations are directed, managed and<br />
controlled, including the relationships between, responsibilities of and legitimate<br />
expectations among different stakeholders (Board of Directors, management, shareholders<br />
and other interested groups). 23<br />
Example in practice<br />
<strong>The</strong> Board of Directors of General Electric (GE) oversees how management serves the<br />
interests of shareowners and other stakeholders on a variety of issues of corporate<br />
governance. In the past, the Board has received briefings on the company’s controllership,<br />
compliance and litigation trends and environmental risk management.<br />
Relevant links<br />
—— European Corporate Governance Institute.<br />
www.ecgi.org/<br />
—— Global Compact: Business against <strong>Corruption</strong>.<br />
www.unglobalcompact.org/docs/issues_doc/7.7/BACbookFINAL.pdf<br />
—— Global Corporate Governance Forum.<br />
www.gcgf.org/<br />
—— International Corporate Governance Network.<br />
www.icgn.org/<br />
—— OECD Principles of Corporate Governance.<br />
www.oecd.org/DATAOECD/32/18/31557724.pdf<br />
13<br />
TRANSPARENCY INTERNATIONAL PLAIN LANGUAGE GUIDE - JULY 2009
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