What does the term 'corporate governance' mean?

Corporate governance is the set of rules, practices, and systems that businesses must follow to ensure their operations are conducted ethically and transparently. In Kansas, corporate governance is the oversight and management of a business in order to ensure that it meets its legal and ethical responsibilities, as well as its financial and operational goals. Corporate governance includes the activities of the board of directors, the management or executive team, internal and external auditors, and any other stakeholders in the business. Some of the main aspects of corporate governance are establishing structures and policies that help ensure that the company is run responsibly and according to the agreed legal and ethical standards, ensuring accountability and transparency from the management and board of directors, and providing stakeholders with the necessary information to make sound decisions. Corporate governance also includes the process of monitoring and addressing any conflicts of interest that may arise. Overall, corporate governance in Kansas provides assurance that businesses are being conducted responsibly and ethically. It ensures that regulations and standards are adhered to, and serves to protect the interests of all stakeholders, including employees, customers, creditors, and investors.

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What does the term 'corporate governance' mean?

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