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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
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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.

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