Corporate governance is best defined as:

Question

Quizplus · Accepted Answer

Corporate governance is primarily concerned with maintaining the integrity of the corporation and ensuring that the interests of all stakeholders (including shareholders, management, and employees) are protected. This involves designing and implementing a system of controls, regulations, and incentives that discourage fraud and conflicts of interest and promote transparency and accountability. While laws and regulations may play a role in corporate governance, they are not the only or even the most important factor. Similarly, determining who controls and runs a corporation is part of corporate governance, but it is not the only focus. Minimizing agency costs between bondholders and stockholders is also an important goal of corporate governance, but it is not the primary objective.

Corporate Governance Is Best Defined As