Corporate governance ________.
A) refers to executive governance practices in companies
B) is a system used to govern a corporation so that the interests of corporate owners are protected
C) is a term that refers to legal agreements made between two or more partner firms
D) refers to the compliance of the company to applicable laws and regulations

Question

Quizplus · Accepted Answer

Corporate governance is a system used to govern a corporation in a way that protects the interests of corporate owners. It encompasses a set of processes, principles, and values that outline how a company is run and how decisions are made. It involves processes for monitoring performance and making decisions, as well as mechanisms for holding executives accountable for their actions. It is aimed at ensuring that companies are run in a way that maximizes shareholder value while minimizing risk.

Corporate Governance ________