Governance

Definitions

1. The structures, rules, and decision rights that determine how a company is overseen and controlled, including boards, approvals, reporting, and fiduciary responsibilities. Governance usually matters more as a company becomes more complex.

   In plain English: The rules and structures that determine how a company is overseen and controlled.

   Example: "The financing changed governance by adding an independent board member and stronger consent rights."

Related Terms

• Cost Center
• Headcount
• Independent Board Member
• Board Meeting
• Board of Directors
• Board Seat
• Business Unit
• C-Level