Glossary

Core Competency refers to the processes, functions, and activities in a plant or company that are its lifeblood, namely, the source of its differentiated added-value. Usually, these are the activities for which the enterprise derives the greatest return for its investments or those that intrinsically align the enterprise with its core market.

Corporate Governance are the set of processes, customs, policies, laws, and institutions affecting the way a company is directed, administered or controlled.

Corporate governance also includes the goals for which the corporation is governed including the relationships among the many stakeholders.

Stakeholders include the shareholders, the management, the board of directors, employees, customers, creditors, suppliers, regulators, and the community at large.

Also executive jet. See business jet.