For example, corn muffins are normally made with corm meal, and if made with corn flour, would be much denser and without the mouthfeel the individual cornmeal granuals provide. Update: in some places, polenta is another term for corn meal (as well as for the porridge or mush made from the corn meal). Masa is dried lye-treated corn, which has been ground. It is used widely in southwestern, central, and south American cuisines, including for the iconic corn tortillas, and for tamales.
DEFINITION of 'Corporate Governance'. The system of rules, practices and processes by which a company is directed and controlled.Corporate governance essentially involves balancing the interests of the many stakeholders in a company-these include its shareholders, management, customers, suppliers, financiers, government and the community.ince corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.
Thus, the corporate governance of banks and other financial intermediaries is crucial for shaping capital allocation at the firm level and at the country level. Nevertheless, the financial sector has generally received far less attention in the corporate governance literature than seems warranted by their central role in a nationâs corporate governance system. To correct this imbalance, this paper uses standard theories of corporate governance to highlight the special problems facing corporate governance of financial intermediaries and combines this theoretical perspective with international observations to make policy recommendations. Standard agency theory defines the corporate governance problem in terms how equity and debt holders influence managers to act in the best interests of the providers of capital.