Corporate Governance Overview

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Questions and Answers

What is the main purpose of corporate governance according to the text?

  • Enhancing the value of the corporation (correct)
  • Prioritizing individual goals over communal goals
  • Maximizing profits for shareholders
  • Achieving social goals at the expense of economic goals

Which aspect is emphasized as crucial for the economic health of a nation?

  • Role and Responsibilities of the board
  • Interest of other stakeholders
  • Rights and Equitable Treatment of Shareholders
  • Integrity and Ethical behaviour (correct)

According to Sir Adrian Cadbury, what is a key concern of corporate governance?

  • Ignoring the interests of small owners
  • Prioritizing individual over communal goals
  • Balancing economic and social goals (correct)
  • Maximizing shareholder wealth

What is highlighted as a tool for socio-economic development in the text?

<p>Good corporate governance (C)</p> Signup and view all the answers

Who are considered as parties to good corporate governance as per the information provided?

<p>Shareholders, workers, management, and other stakeholders (B)</p> Signup and view all the answers

Which principle involves providing equitable treatment to shareholders?

<p>Rights and Equitable Treatment of Shareholders (D)</p> Signup and view all the answers

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

<p>Enhanced credibility and increased marketability (D)</p> Signup and view all the answers

What does the text suggest is essential for sustainable development?

<p>Integrity and Ethical behaviour (A)</p> Signup and view all the answers

Which group of individuals ensures that management gives equitable treatment to all owners, as per the Wall Street Journal?

<p>Shareholders and creditors (C)</p> Signup and view all the answers

Which principle focuses on the integrity and ethical behavior of a company?

<p>Integrity and Ethical behaviour (D)</p> Signup and view all the answers

What significantly impacts the economy?

<p>Good corporate governance (A)</p> Signup and view all the answers

What are some driving forces for corporate governance mentioned in the text?

<p>Technology, population growth, and free market (A)</p> Signup and view all the answers

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