Internal Governance
/ɪnˈtɜːrnəl ˈɡʌvərnəns/
Definitions
- (n.) The system and processes by which an organization controls and directs its internal affairs and complies with laws and policies.
The board responsible for internal governance ensures the company adheres to legal and ethical standards.
- (n.) Corporate policies and procedures managing internal decision-making, risk management, and accountability.
Strong internal governance reduces the risk of fraud and mismanagement within corporations.
Forms
- internal governance
Related terms
See also
Commentary
Often integral to corporate law and compliance frameworks, internal governance focuses on internal rules rather than external regulatory obligations.
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.