Corporate governance means
A) the viability of a company to remain in business for the foreseeable future.
B) the rules, systems and processes within companies used to guide and control them.
C) an intentional act through the use of deception to obtain an unjust or illegal advantage.
D) the processes used by a client when finalizing the accounts for an accounting period.

Question

Quizplus · Accepted Answer

Corporate governance refers to the rules, systems, and processes used by companies to guide and control them. It involves the way in which companies are directed and managed, including transparency, accountability, and the relationship between the board of directors and stakeholders. Therefore, option B is the correct definition of corporate governance.

A, C, and D are incorrect because:

A) Viability refers to the ability of a company to continue to operate in the long-term, however, this is not the definition of corporate governance.
C) Intentional deception to gain an unjust or illegal advantage is an unethical activity and not related to the definition of corporate governance. 
D) The processes of finalizing accounts for an accounting period is part of the financial accounting process, but it is not a definition of corporate governance.

Corporate Governance Means