Corporate Governance Chapter 1: Introduction and Principles
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Questions and Answers

What is the purpose of corporate governance?

  • To enhance accountability and transparency (correct)
  • To maximize profits for shareholders
  • To minimize risks for stakeholders
  • To avoid paying taxes
  • Which of the following is a characteristic of good governance?

  • Lack of transparency
  • Accountability and responsibility (correct)
  • Favoritism and nepotism
  • Poor communication channels
  • What are the objectives of corporate governance?

  • Meeting regulatory requirements only
  • Ensuring ethical conduct and integrity (correct)
  • Minimizing employee benefits
  • Maximizing short-term profits
  • What do the basic principles of effective corporate governance focus on?

    <p>Enhancing shareholder value and stakeholder interests</p> Signup and view all the answers

    In the context of corporate governance, what are best practice recommendations typically focused on?

    <p>Adhering to industry standards and ethical guidelines</p> Signup and view all the answers

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