The oversight of a firm by its executive staff and board of directors is called corporate
A)control.
B)maintenance.
C)power.
D)governance.
E)strategy.

Question

Quizplus · Accepted Answer

Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. The oversight of a firm by its executive staff and board of directors is a critical aspect of corporate governance, ensuring that the company operates in an ethical and responsible manner while creating value for its stakeholders.

The Oversight of a Firm by Its Executive Staff and Board