DOI
N/A

Summary
One of the realities brought forward by the financial crisis is that the corporate
Governance, based until now mainly on self-regulation, has not been as effective
as possible. A better management of organizations is important not only in order
to reduce the possibility of occurrence of a new crisis in the future, but also for
organizations to be more competitive. Currently we do not have a definition of
corporate governance that is unanimously accepted. At global level, there are a
variety of definitions for this term, depending on national, cultural or legislative
characteristics. In this article we present the concept of corporate governance as
being a complex process occurring at the level of the management of the organization,
which integrates control, risk management and internal audit in a formula that is
meant to determine the level of performance for the organizational achievements.

Relevance for Complex Systems Knowledge
The article defines corporate governance as being a complex process occurring at the level of the management of the organization, which integrates control, risk management and internal audit in a formula that is
meant to determine the level of performance for the organizational achievements.

There is a complex and continuous relation between corporate governance, internal audit and management, as well as between corporate governance and management structures, but at the same time there is a special treatment that envisages the important aspects related to social responsibility and the ethics of practices in business.

However, the article does not address the problems it poses in a systemic manner, nor does it really do a relational analysis.

Point of Strength
There are no real points of strength in relation to the scope and aims of COSY