Corporate governance responsibilities for a company ultimately rest with:

Question

Quizplus · Accepted Answer

The board of directors has the ultimate responsibility for corporate governance in a company. They are responsible for setting the overall strategy and direction of the company, overseeing management, ensuring ethical behavior, and responding to the concerns of stakeholders. The shareholders have the power to elect the board of directors but do not have direct responsibility for corporate governance. The Australian Securities and Exchange Commission may have some regulatory oversight but ultimately it is the board of directors who are responsible for ensuring good corporate governance practices are in place. Individual managers play a role in implementing and executing the company's strategy, but they do not bear ultimate responsibility for corporate governance.

Corporate Governance Responsibilities for a Company Ultimately Rest With