Glossary of Compliance

Compliance Glossary

Our list of curated compliance glossary offers everything you to know about compliance in one place.

Glossary » SOC 2 » Internal Corporate Governance

Internal Corporate Governance

Internal corporate governance refers to the processes and structures a company puts in place to ensure that it is managed ethically, transparently, and accountable. It includes the policies, procedures, and systems that a company uses to make decisions, set and achieve strategic goals, and manage risks.

An example of internal corporate governance might be a company’s code of conduct, which sets ethical standards and expectations for employees and guides their behavior. The code of conduct might cover conflicts of interest, insider trading, discrimination, and harassment.

Effective internal corporate governance can help a company build trust with its stakeholders, including shareholders, customers, employees, and regulators. It can also help the company avoid costly credibility and legal risks.

Also, Read more about corporate governance issues.

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