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Corporate governance is for the accountability to shareholders, corporate social responsibility is for the accountability to remaining other stakeholders.

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Q: What is the difference between corporate governance and corporate social responsibility?
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What is the difference between Corporate Social Responsibility and Corporate Citizenship?

The term "corporate social responsibility" and "corporate citizenship" are often used interchangeably. They are used to describe the idea of a business making a positive difference in the world.


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Corporate governance is the structure of rules, processes and practices used to manage a company. The types of risks in corporate governance are critical enterprise risks, board-approval risks, business management risks and emerging risks. Risk management is vital for effective corporate governance because it closes the loop between everyday operational performance and strategic initiatives. Corporate governance should ensure that it has a solid risk management system for the company to develop its strategic objectives within the limits of the risk appetite. IRM introduces the concept of corporate governance through its qualifications - offering individuals the opportunity to become a risk-intelligent leader in any organisation. The Institute of Risk Management is a professional body and world leader in enterprise risk management qualifications and examinations (Level 1 to Level 5). IRM's qualifications focus on giving you a 360-degree approach to risk that goes beyond finance and insurance. Headquartered in the UK, IRM has been driving excellence for over 30+ years with over 10,000+ members across 143 countries.


What is the difference between national culture and corporate culture?

corporate culture : The operating environment of a business, including its values, norms, and the behavioral patterns of its employees.corporate culture includes the norms and behaviour which determine how people collaborate

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the main difference between corporate governance and ethics is that the ethics are the philosophical and morally decent standards that a corporation attempts to stand by, while governance processes are the means by which a corporation attempts to remain as ethical as possible while still making a profit. The governance obligations and operations of a corporation vary depending on its type. For example, a sole-proprietorship--a business owned by a single person--has different financial necessities and legal obligations than a massive, publicly-traded corporation


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Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance. The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community. Whereas the 20th century might be viewed as the age of management, the early 21st century is predicted to be more focused on governance. Both terms address control of corporations but governance has always required an examination of underlying purpose and legitimacy. - - James McRitchie, 8/1999 http://corpgov.net/library/definitions.html


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