Corporate Governance

 System of rules, practices, and processes by which a firm is directed and controlled
 Is good governance at the enterprise level
 Protect the interest of the stakeholders and the entire community
 Involves balancing the interests of a company’s many stakeholders, such as shareholders,
senior management executives, etc
 Under Institute of Internal Auditor
o Combination of people, process, procedure, and policies that help ensure that
an entity effectively and efficiently directs its activities toward meeting the
objectives of its stakeholders
o Ito yung dapat gawin para ma meet yung purpose