Corporate governance can be described as:

Question

Quizplus · Accepted Answer

Corporate governance refers to the processes, structures and mechanisms that control and direct corporations. It encompasses the relationships between stakeholders, such as shareholders, management, and the board of directors, and addresses the responsibilities and accountability of those in charge of running the business. While the Corporations Act 2001 may contain provisions related to corporate governance, it is not the sole definition or source of corporate governance. Option A is partially correct but incomplete, as stakeholders and external agencies are just one part of the larger picture of corporate governance. Option B is too narrow, as it only focuses on internal controls, without addressing external factors or relationships among stakeholders.

Corporate Governance Can Be Described As