What is corporate governance?
Corporate governance is the system of rules, practices, and processes used to direct and manage the affairs of a corporation. In Missouri, corporate governance is made up of the laws, rules, and regulations that define the structure of a business, as well as the responsibilities of the various parties that make up the corporation. This includes shareholders, board of directors, officers, and employees. These parties have a fiduciary responsibility to act in the best interests of the corporation and its stakeholders. Additionally, corporate governance ensures that the company adheres to certain ethical standards, protects its assets from fraud, and ensures that all decisions made by the board of directors and officers are in the best interest of the corporation. Furthermore, corporate governance helps to ensure that the company is compliant with all applicable laws and regulations.
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