Definition: Corporate Purpose is the main objective(s) that is (are) being pursued by a commercial organization, as typically listed in its articles of incorporation or memorandum of association. It is the reason for having incorporated. A typical element of CP is to maximize long-term profits for the shareholders of the firm (shareholder value perspective). |
More on corporate governance: 3P Framework, Agency Problem, Belief System, Board of Directors, Boundary System, more on corporate governance... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
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