Corporate Governance Glossary








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Administer

v.t. (Latin administrare to assist, to carry out)
1. To have executive charge of... To have charge of executing (a task)
2. To bring into use or operation


Administration

n. (Latin administrare to assist, to carry out)
1. To have executive charge of... To have charge of executing (a task)
2. To bring into use or operation


Authority

n. 1. The right or mandate to control, command, act or determine the actions of others and to punish for violations. It is either assigned (usually because of rank or office) or delegated.


Control

n. or transitive v. Is either power or influence applied to the complete and successful direction or manipulation of persons or things.


Govern

v. (Govern: Latin gubernare, to steer a ship, rule*. Greek kybernan, to steer)
* key functions: to steer or direct i.e. set direction, and to rule i.e. to control, to make laws and to enforce the laws.
1. To rule by right of authority
2. To exercise a directing or restraining influence over, to hold in check
3. To guide
4. To control
5. To serve as or constitute a law for
6. To have a predominating influence


Governance

n. 1. The exercise of direction, authority and control


Manage

v. (Manage: from Italian maneggiare - to handle)
1. To conduct (the day-to-day) business
2. To bring about or succeed in accomplishing a task
3. To administer and supervise (the functions of management) (in this sense, directors also manage)


Management

n. 1. The organizing and controlling of the affairs of a business or a particular sector of a business
2. The act of conducting business; bringing about or succeeding in accomplishing a task.


Mandate

n. Latin mandatum n. a commission. Latin mandare to give into someone’s hand.
An authorization (or command) to act in a particular way


Plenary

adj. Full, complete, entire, absolute, unqualified


Plenary Power

Full, complete, entire, absolute and unqualified ability to act


Power

n. To be able, the ability