CORPORATE GOVERNANCE Definition

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CORPORATE GOVERNANCE is the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. By doing this, it also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performance.

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EQUITY OFFERING see EQUITY CAPITAL.

MERCHANT BANK is a specialized bank that offers investment services, corporate advice, trade and project finance, exchange rate dealing, etc to their clients worldwide. Sometimes also acts as an issuing bank for stocks and bonds, and can also advise companies involved in mergers.

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