Taking a position on good governance in the energy sector
Corporate governance is concerned with processes by which of the Board of Directors supervises or oversees the management of the corporation, to whom the Board has delegated broad power over the corporation’s affairs. Corporate governance requirements arise from corporate legislation and common law, securities legislation and policies, stock exchange rules, and the expectations of shareholder advocacy groups.
The CCRE is concerned with effective governance in both the public and private sectors and the current trend to employ corporate governance structures in government agencies and bureaucracies.
 Policy Research Working Paper 5430. The World Bank Development Research Group Macroeconomics and Growth Team. September 2010. Page 4.
Prof. Guy Holburn