__________ is the system of control and performance monitoring of top management that is maintained by boards of directors and other major stakeholder representatives.

Question

Quizplus · Accepted Answer

Corporate governance refers to the system of rules, practices, and processes by which a firm is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. It includes the mechanisms through which companies, and those in control, are held to account. Hence, it encompasses the practices for monitoring and overseeing top management to ensure accountability, fairness, and transparency in a company's relationship with its all stakeholders.

__________ Is the System of Control and Performance Monitoring of Top