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CORPORATE GOVERNANCE

Corporate governance encompasses the practices, principles and values that guide a company and its business. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the organization, such as the Board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. An important concern of corporate governance is the nature and extent of accountability of particular individuals in the organization. Due to the scandal and collapse of several US corporations, including Enron and WorldCom, in 2001, the US federal government passed the Sarbanes-Oxley Act in 2002, intending to restore public confidence in corporate governance.

Publications and General Information
Corporate Governance Organizations:
Corporate Governance Ratings:
  • How Good Are Commercial Corporate Ratings by Bill Snyder at Stanford Graduate School of Business. If the site reorganizes and the links are lost, here is a link to a text-only version.
  • Governance Metrics International -- independent provider of global corporate governance and ESG ratings and research.
  • Glass Lewis -- Their "CorpUS Report" includes financial transparency and corporate governance.

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