Focus: Corporate Governance

by Rob Graham, product manager at Datawatch-Europe says spend less and learn more about your data

Corporate governance refers to the manner in which an enterprise is directed, and laws and customs affecting that direction. It is very much the topic of today with many conflicting opinions being offered to all who would listen. It is important to see past much of the hype being offered by purveyors of expensive new business solutions.

By understanding the subject, it is possible to envisage a business as usual approach to the challenges this new environment brings and comprehend that embracing understandable business process management based around existing systems is logical and effective.

Corporate governance includes the statutes governing the formation of firms, the bylaws established by the firm itself, and the structure of the firm. The corporate governance structure specifies the relations, and the distribution of rights and responsibilities, among primarily three groups of participants. They are the board of directors, managers, and shareholders.

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