external governance
[ɪkˈstɜrnəl ˈɡʌvərnəns]
nounpl: external governances
governança externa
1. The system of rules, processes, and structures by which an organization is directed and controlled by external entities, authorities, or regulatory bodies outside the organization itself
The company implemented external governance standards to comply with international regulations.
A empresa implementou padrões de governança externa para estar em conformidade com regulamentações internacionais.
2. Oversight and accountability mechanisms imposed by governments, regulatory agencies, or international bodies on organizations, corporations, or institutions
External governance from the SEC ensures transparency in financial reporting.
A governança externa da SEC garante transparência nos relatórios financeiros.
3. The framework of external audits, inspections, and compliance requirements that organizations must follow
External governance audits revealed several compliance issues in the banking sector.
As auditorias de governança externa revelaram vários problemas de conformidade no setor bancário.
This term is increasingly important in Brazil due to growing emphasis on corporate transparency and regulatory compliance. Brazilian companies, particularly financial institutions and public corporations, are subject to external governance requirements from entities like CVM (Comissão de Valores Mobiliários), BCB (Banco Central do Brasil), and international bodies. In the USA, external governance is heavily associated with SEC regulations and investor protection frameworks. The concept reflects global trends toward accountability and stakeholder protection.
Related Idioms & Phrases
subject to external governance
under external governance scrutiny
enforce external governance standards
external governance framework
external governance requirements
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