Governance Room

  Governance is a term used in various contexts, such as private administration, public administration, information technology, environmental management, and economics.

The development of the capitalist system can be divided into phases that reflect economic, social, and political changes over time. The division can vary depending on the perspective and economic theory used. Below, we present phases generally recognized in texts about the history of capitalism, especially the first five.

Corporate governance practices, internal and external oversight bodies, as well as organizational leaders, should not be automatically judged or condemned as if they were negligent or at fault in the face of fraud or other unlawful irregularities.