Podcast
Questions and Answers
What is the main purpose of corporate governance as described in the text?
What is the main purpose of corporate governance as described in the text?
- Minimizing stakeholder interests
- Enhancing business prosperity and corporate accountability (correct)
- Ignoring shareholder rights
- Maximizing short-term profits
Who is responsible for protecting shareholder rights and enhancing shareholder value?
Who is responsible for protecting shareholder rights and enhancing shareholder value?
- Government regulators
- Customers
- Board of Directors and management (correct)
- Employees
What role does the Board of Directors play in corporate governance according to the text?
What role does the Board of Directors play in corporate governance according to the text?
- Acting in their own interests only
- Focusing solely on short-term gains
- Representing shareholders and overseeing management (correct)
- Ignoring shareholders' interests
Which term best describes the process used to direct and manage a company's business towards long-term shareholder value?
Which term best describes the process used to direct and manage a company's business towards long-term shareholder value?
Why is it essential for a company to be accountable to shareholders according to the text?
Why is it essential for a company to be accountable to shareholders according to the text?
What does corporate governance refer to?
What does corporate governance refer to?
According to the World Bank, what does corporate governance promote?
According to the World Bank, what does corporate governance promote?
What is the main purpose of corporate governance according to Rezaee (2009)?
What is the main purpose of corporate governance according to Rezaee (2009)?
How is corporate governance described by La Porta (2000)?
How is corporate governance described by La Porta (2000)?
Who are the key stakeholders involved in corporate governance?
Who are the key stakeholders involved in corporate governance?
What does the OECD consider corporate governance to be?
What does the OECD consider corporate governance to be?
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