Good corporate governance involves a __________ to run businesses in a legal manner.a.decisionb.requirementc.commitmentd.plan
Question
Good corporate governance involves a __________ to run businesses in a legal manner.
- a. decision
- b. requirement
- c. commitment
- d. plan
Solution
The correct answer is c. commitment.
Good corporate governance is fundamentally anchored in the principle of commitment to ethical practices and compliance with legal standards. This commitment entails that organizations prioritize integrity and responsibility in their operations, ensuring that they adhere to relevant laws and regulations. A committed approach to governance fosters transparency, accountability, and long-term sustainability, which are essential for maintaining stakeholder trust and achieving corporate objectives. Additionally, such commitment can be reflected in the formation of strong governance frameworks, the establishment of clear policies, and the promotion of a culture that values ethical behavior. Thus, choice "c. commitment" accurately captures the essence of good corporate governance.
Similar Questions
Corporate governance can be defined as: The procedures and processes according to which an organisation is controlled.ATrueBFalseSUBMIT
Ethics are the ____________ that are essential in the design and implementation of corporate governance.a.accountabilityb.examplesc.regulationsd.guidelines
Good governance signifies improved ____________of the company in the society.a.reputationb.profitabilityc.relationsd.efficiency
A company's is (are) potentially the most effective instrument of good corporate governance.
TipsGet tips through StudyGPTQuestion textCorporate governance keeps roles of ________ and management.a.customersb.employeec.shareholdersd.owners
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.