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Corporate Governance

Business

The systems by which companies are directed and controlled — board structure, executive pay, shareholder rights, and agency theory.

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Sources

This entry names a field of study, not a term an authority defines. There is no body that owns the meaning of a discipline, so there is nothing to cite in the way a regulation or a standard can be cited. The description above is this lexicon’s own summary of how the subject is generally taught and practised. Where a specific model, framework or figure inside the field has a traceable origin, that belongs with the individual term rather than with the discipline.

Deeper treatment: this term also has a full entry in the Business Library.

Related terms

Also defined as

The system of rules and practices directing and controlling a company, balancing shareholder value, management accountability, and stakeholder interests.

From the AJG lexicon archive (July 2026).

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