Leadership Change at Schneider Electric
Schneider Electric made a strategic decision to part ways with former CEO Peter Herweck due to significant discrepancies in implementing the company’s vision….
Category: Corporate
The term “Corporate” refers to anything related to a corporation, which is a legal entity that is separate from its owners and is created to conduct business. Corporations can be for-profit or nonprofit and typically aim to generate profits by providing goods or services. The term encompasses various aspects such as corporate governance (the system by which companies are directed and controlled), corporate finance (the funding and capital structure of a corporation), corporate culture (the values and behaviors that shape how employees interact and work), and corporate law (the body of law governing the rights, relations, and conduct of persons, companies, organizations, and businesses). “Corporate” can also describe the collective characteristics or attributes associated with large companies or businesses, often emphasizing formal practices, structured hierarchies, and standardized processes.