CIO Wisdom II: More Best Practices

Corporate Governance: An Evolving Concept

In the wake of the previously unthinkable business debacles that marred the early days of this century, everyone seems to acknowledge the need for corporate governance. But what is corporate governance, precisely? Specifically, who performs it, to what end, and by what means? At times there seem to be as many answers to these questions on the nature of corporate governance as there are people talking about it. As shown in Table 19.1 and outlined in the paragraphs that follow, while the end game of corporate governance has not changed, who performs it and by what means has evolved considerably from traditional concepts.

Table 19.1. Toward a New Concept of Corporate Governance: The CPR Framework

Corporate ...