Which of the following is true of corporate governance?
A)It plays no role in enforcing ethical behavior in a workplace.
B)It is the process by which a government nationalizes corporations.
C)It is the system by which business corporations are directed and controlled.
D)It is the entity responsible for the execution of a company's corporate social responsibility policy.

Question

Quizplus · Accepted Answer

Corporate governance refers to the system by which a company is directed and controlled. It encompasses a range of structures, policies, and procedures that aim to ensure proper decision-making and accountability within an organization. It involves the relationships between a company's management, board of directors, shareholders, and other stakeholders. While corporate governance may promote ethical behavior within a company, it is not solely responsible for enforcing it.

Which of the Following Is True of Corporate Governance