Governance Failure
/ˈɡʌvərnəns ˈfeɪljər/
Definitions
- (n.) The breakdown or inadequacy of institutional or regulatory frameworks leading to ineffective management or oversight, often causing legal, economic, or ethical issues.
The governance failure in the corporation resulted in regulatory penalties and loss of shareholder trust.
Forms
- governance failure
Related terms
See also
Commentary
Governance failure often implicates legal liabilities and risks, highlighting the importance of clear regulatory standards and accountability mechanisms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.