Which of the following is true of managers in an organization with good corporate governance?

Question

Quizplus · Accepted Answer

Managers in an organization with good corporate governance should fulfill a fiduciary responsibility to the owners, which means acting in the best interest of the shareholders and making decisions that maximize long-term value for the company. Choice A is incorrect because managers are typically selected by the board of directors or the CEO, not the compensation committee. Choice C is incorrect because managers should consider multiple bottom lines, including the social and environmental impact of their decisions. Choice D is incorrect because managers should collaborate with internal stakeholders, such as employees and suppliers, to achieve shared goals.

Which of the Following Is True of Managers in an Organization