Which of the following best describes how corporate governance influences an organization?

Question

Quizplus · Accepted Answer

Corporate governance is the system of processes, practices, principles, and values that govern how an organization is operated and controlled. The ultimate goal of corporate governance is to ensure that the organization achieves its objectives while operating within legal, ethical, and societal norms. Corporate governance influences an organization by creating a framework that exerts control and requires accountability for the resources entrusted to the organization. This includes financial resources, human resources, and other assets. By holding management accountable for the allocation and utilization of these resources, corporate governance helps to ensure that the organization operates efficiently, effectively, and in the best interests of its stakeholders.

Which of the Following Best Describes How Corporate Governance Influences