Corporate Governance

adjective able to be explained or justified; responsible for one's actions

• It is important for employees to be accountable for their actions in the workplace.
• We need to hold each other accountable for meeting the project deadline.
• Stop making excuses and be accountable for your mistakes.
• As the team leader, you are ultimately accountable for the success of the project.

noun a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law

• The corporation announced a merger with a competitor.
• I heard the corporation is expanding its operations overseas.
• The corporation is making bank with their latest product launch.
• The corporation is the backbone of the industry, driving innovation and growth.

noun Dishonest or fraudulent conduct by those in power, typically involving bribery

adjective Corrupt (having or showing a willingness to act dishonestly in return for money or personal gain)

• The government is cracking down on corruption within its ranks.
• Everyone knows there's corruption going on in that company.
• That politician is as corrupt as they come.
• Corruption is like a cancer that eats away at society.

noun a concerted effort to keep an illegal or unethical act or situation from being made public or becoming known

verb to conceal or hide something, especially a wrongdoing or mistake

• The company tried to cover up the scandal by withholding information from the public.
• I heard that she's trying to cover up her mistake by blaming someone else.
• Don't try to cover up your tracks, we know what really happened.
• His smile was just a cover up for the pain he was feeling inside.

verb to establish or set up (an organization, system, or body) in a legal or official way

adverb in a proper and legal manner

• The committee was duly constituted according to the organization's bylaws.
• The team was put together properly as per the rules.
• The group was legit according to the guidelines.
• The squad was officially formed in accordance with the regulations.

noun a person chosen or voted for by a group as a representative or leader

verb to choose or select someone for a position or office by voting

• The citizens will elect a new president next month.
• Let's elect John as the team captain!
• I heard they're gonna elect Sarah to be the leader of the group.
• Sometimes we have to elect to take the road less traveled to find success.

noun the rigid observance of rules of convention or etiquette

• The company requires all employees to complete the necessary formalities before starting their new position.
• Don't worry about all the formalities, just come in and we'll get you started.
• Let's skip all the boring formalities and get straight to the fun stuff!
• He went through the formalities of apologizing, but I could tell he didn't mean it.

noun a company whose primary business is holding a controlling interest in other companies

• The holding company oversees the operations of its subsidiary companies.
• The holding company is like the big boss of all the other companies.
• The holding company is the top dog in the business world.
• The holding company is the puppet master pulling the strings behind the scenes.

noun the quality or state of being in accordance with the law

• The legality of the contract is being reviewed by our legal team.
• I'm not sure about the legality of downloading music from that website.
• I heard there's some shady stuff going on with the legality of that business.
• The artist pushes the boundaries of legality in their provocative artwork.

noun the state or quality of being legitimate; validity; authority

adjective legitimate (related adjective)

• The legitimacy of the new government was questioned by many political analysts.
• I don't think the legitimacy of his excuse is believable.
• That website doesn't have the legitimacy to sell those products.
• The artist's unique style added legitimacy to the contemporary art scene.

verb to dishonestly or illegally use something for one's own benefit

• The company's accountant was caught trying to misappropriate funds from the company's accounts.
• I heard that John got fired for trying to misappropriate money from the company.
• Don't be a fool and misappropriate those funds, you'll get caught!
• She felt like someone was trying to misappropriate her ideas during the meeting.

noun a failure to observe or comply with a rule or law

• The nonobservance of the company's safety protocols resulted in a serious accident.
• Ignoring the rules led to a big mess.
• Not following the guidelines caused a real disaster.
• The nonobservance of traffic laws is like playing with fire.

verb to remove or expel from a position or place

• The board voted to oust the CEO due to financial misconduct.
• The team decided to oust the captain after a string of losses.
• They're planning to oust the landlord for being too nosy.
• The new technology will oust the old methods in no time.

noun A person who manages or oversees something, especially in a legal or official capacity

• The procurator was responsible for overseeing the legal affairs of the company.
• The procurator is the one who deals with all the legal stuff for the business.
• I heard the procurator is like the legal wizard of the company.
• In a way, the procurator acts as the guardian of the company's legal interests.

adjective not involved or participating in something

• The uninvolved parties were asked to leave the meeting room.
• I felt uninvolved in the conversation since I didn't know anyone there.
• I was totally uninvolved in the drama between them.
• She remained uninvolved in the conflict, choosing to stay neutral.

noun a person who exposes secretive information or activity within a private or public organization

• The whistle blower provided crucial evidence in the corruption case.
• Did you hear about the whistle blower who exposed the company's misconduct?
• That whistle blower spilled the tea on what really goes on in the office.
• The whistle blower's actions blew the lid off of the scandal.

noun a large South Korean conglomerate made up of various businesses and subsidiaries

• The chaebol is a prominent feature of South Korea's economy, with major conglomerates dominating various industries.
• My uncle works for a chaebol, so he has a stable job with good benefits.
• I heard that chaebol heir is a real playboy, always partying and causing trouble.
• In the corporate world, some people view the CEO as a chaebol, wielding immense power and influence.

noun A word that represents a person, place, thing, or idea. In this case, 'leadership team' is a noun as it refers to a group of individuals who lead or manage a group or organization.

• The leadership team is responsible for setting the strategic direction of the company.
• The leadership team meets every Monday to discuss upcoming projects.
• The leadership squad is really on top of things.
• The leadership team is the engine that drives the company forward.

verb to disqualify oneself as a judge in a particular case due to a conflict of interest or bias

• The judge had to recuse himself from the case due to a conflict of interest.
• I had to recuse myself from the debate because I couldn't stay impartial.
• I decided to recuse myself from the drama going on at work.
• Sometimes we need to recuse ourselves from situations that are not good for our mental health.

noun UK plc

• UK plc refers to the collective group of companies operating in the United Kingdom.
• UK plc is just a fancy way of saying all the businesses in the UK.
• I heard UK plc is booming right now.
• The success of UK plc depends on various economic factors.

noun the quality or state of being accountable; an obligation or willingness to accept responsibility or to account for one's actions

• The company's culture of accountability ensures that all employees take responsibility for their actions.
• We need to hold each other accountable for our work to maintain accountability within the team.
• Dude, you gotta own up to your mistakes and show some accountability.
• In order to reach our goals, we must carry the weight of accountability on our shoulders.

noun a noun is a word that refers to a person, place, thing, event, substance, or quality

adjective a word that describes or gives more information about a noun

• The company's accumulated surplus has grown steadily over the past few years.
• We've got a nice little pile of extra cash saved up.
• Our surplus stash is looking pretty healthy right now.
• Like a squirrel storing nuts for the winter, the business has built up an impressive accumulated surplus.