Why is corporate governance essential in an organization?

Question

Quizplus · Accepted Answer

Corporate governance is essential in an organization to ensure that the strategic management is successful. It helps to create a framework of rules and regulations, decision-making processes, and accountability mechanisms that guide the behavior of the organization's management, directors, and stakeholders to achieve organizational goals effectively and efficiently. Well-designed corporate governance can also enhance the organization's reputation, attract capital, and improve long-term value creation.

Why Is Corporate Governance Essential in an Organization