Mastering Corporate Governance
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Questions and Answers

Which of the following best describes corporate governance?

  • The system of rules, practices, and processes by which a company is directed and controlled (correct)
  • The exercise of power and authority by leaders of a country
  • The process of decision making and implementation of decisions in a company
  • The process whereby elements in society enact policies and decisions concerning public life

    • What does good governance ensure in businesses?

  • Transparency and accountability (correct)
  • Consensus and responsiveness
  • Rule of law and effectiveness
  • Participation and inclusiveness

    • Who does corporate governance identify?

  • The shareholders and employees
  • The leaders of the country
  • The decision-makers in a company
  • The elements in society (correct)

    • What are the characteristics of good governance?

    <p>Transparency and responsiveness</p> Signup and view all the answers

    What is the main objective of corporate governance?

    <p>To balance the interests of all stakeholders</p> Signup and view all the answers

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