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Corporate Governance Definition and Principles

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Corporate Governance Definition and Principles

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Questions and Answers

What does corporate governance refer to according to the World Bank?

The process of balancing stakeholders' interests

A system of rules, practices, and processes for business organizations (correct)

The relationship between corporate managers and entrepreneurs

The mechanisms for protecting outside investors

Which aspect of corporate governance involves protecting outside investors from insiders' expropriation?

Process through which shareholders induce management

Balancing stakeholders' interests

Mechanisms through which outside investors protect themselves (correct)

System of rules, practices, and processes

According to the OECD, what does corporate governance involve?

Laws, regulations, and accepted business practices (correct)

The relationship between corporate managers and entrepreneurs

A process through which shareholders induce management to act in their interest

Balancing the interests of a company's stakeholders

In a market economy, corporate governance governs the relationship between:

Corporate managers and entrepreneurs on one side and investors on the other Signup and view all the answers

What is the main purpose of corporate governance?

To provide confidence in capital markets Signup and view all the answers

Who are the stakeholders whose interests need to be balanced in corporate governance?

Management and shareholders Signup and view all the answers

What is the primary focus of corporate governance as defined in the text?

Enhancing business prosperity and corporate disclosure Signup and view all the answers

What is the joint responsibility imposed on the Board of Directors and management?

Protecting shareholder rights and enhancing shareholder value Signup and view all the answers

How does the Board of Directors act as a check against management according to the text?

Ensuring accountability to shareholders and acting transparently Signup and view all the answers

Which party is NOT listed as a key player in good corporate governance according to the text?

Vendors Signup and view all the answers

What are some benefits of good corporate governance mentioned in the text?

Enhanced credibility, improved valuations, better marketability Signup and view all the answers

What principles are part of corporate governance according to the text?

Rights and Equitable Treatment of Shareholders only Signup and view all the answers