Which of the following is true of corporate governance?

Question

Quizplus · Accepted Answer

Corporate governance refers to the system by which business corporations are directed and controlled. It involves setting policies, making decisions and providing oversight to ensure that company objectives are achieved, risks are managed appropriately, and stakeholder interests are safeguarded. While corporate governance can have an impact on ethical behavior, it is not solely responsible for enforcing it. Nationalization by the government is also not a part of corporate governance. Moreover, while corporate social responsibility (CSR) is related to governance, it is not the entity responsible for its execution.

Which of the Following Is True of Corporate Governance