Corporate Governance Quiz

Corporate governance can be viewed as a set of arrangements internal to the corporation that define the relationship between the owners and managers of the corporation.

The participants involved in corporate governance are the shareholders, the management, and the board of directors.

The World Bank defines corporate governance from two different perspectives, emphasizing the relations between the owners, management board, and other stakeholders, as well as considering 'path dependence' where initial historical conditions matter in determining corporate governance structures.

<p>A nation’s system of corporate governance can be seen as an institutional matrix that determines the working arrangement between various participants, such as owners, management, board of directors, and other stakeholders.</p> Signup and view all the answers

<p>'Path dependence' refers to the concept that initial historical conditions matter in determining the corporate governance structures that are prevalent today.</p> Signup and view all the answers