Corporate Governance Responsibilities and Accountabilities - Special Notes

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WellBeingHazel
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Good corporate governance allows the board and management to drive the organization forward without any accountability.

False

Management can influence who sits on the board and the audit committee, among other governance controls.

True

Accountability in governance only extends to shareholders and not to other stakeholders.

False

Stakeholders can be anyone directly or indirectly influenced by a company's actions.

True

Regulators ensure that organizations operate in compliance with relevant laws and prioritize returns for owners over social responsibility.

False

Learn about the characteristics and principles of good corporate governance, relevant to both SMEs and large listed public companies. Understand how good governance practices evolve and the importance of consensus in establishing corporate governance principles.

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