Corporate governance is the system by which business organizations are directed and controlled.

Question

Quizplus · Accepted Answer

Corporate governance refers to the set of processes, principles, and values that govern how an organization is managed, administered, and controlled to ensure that it operates in the best interests of all its stakeholders. It involves the distribution of rights and responsibilities among different stakeholders, including shareholders, directors, managers, employees, customers, suppliers, and regulators. Good corporate governance is essential for promoting transparency, accountability, integrity, and sustainability in organizations.

Corporate Governance Is the System by Which Business Organizations Are