Questions and Answers
What does corporate governance refer to according to the World Bank?
A system of rules, practices, and processes for business organizations
Which aspect of corporate governance involves protecting outside investors from insiders' expropriation?
Mechanisms through which outside investors protect themselves
According to the OECD, what does corporate governance involve?
Laws, regulations, and accepted business practices
In a market economy, corporate governance governs the relationship between:
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What is the main purpose of corporate governance?
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Who are the stakeholders whose interests need to be balanced in corporate governance?
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What is the primary focus of corporate governance as defined in the text?
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What is the joint responsibility imposed on the Board of Directors and management?
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How does the Board of Directors act as a check against management according to the text?
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Which party is NOT listed as a key player in good corporate governance according to the text?
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What are some benefits of good corporate governance mentioned in the text?
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What principles are part of corporate governance according to the text?
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