How is corporate governance best defined?
A) The extent to which the content of workplace decisions is aligned with a firm's stated strategic direction
B) The formal system of oversight, accountability, and control for organizational decisions and resources
C) The philosophy that a board or CEO holds regarding accounting methods
D) The exercise of control and authority by those in mid-management positions
E) A system of decentralized mechanisms that assists a firm in meeting its goals
Correct Answer:
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