Corporate governance can be defined as: The procedures and processes according to which an organisation is controlled.ATrueBFalseSUBMIT
Question
Corporate governance can be defined as:
The procedures and processes according to which an organisation is controlled.
- A) True
- B) False
SUBMIT
Solution
The statement provided regarding corporate governance is True.
Corporate governance encompasses the systems and processes that direct and control a company. It involves various stakeholders, including the board of directors, management, shareholders, and stakeholders. Effective corporate governance ensures that a company operates in a responsible and accountable manner, aligning the interests of various parties and maintaining transparency. It is crucial for building trust and integrity within the organization, promoting sustainable business practices, and ensuring compliance with laws and regulations.
In summary, corporate governance indeed refers to the procedures and processes through which an organization is managed and controlled, confirming that the statement is accurate.
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