Understanding Corporate Governance Concepts
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Questions and Answers

According to the OECD, what does Corporate Governance refer to?

  • The governance of relationships between corporate managers and investors in a market economy
  • The process by which companies are directed and controlled
  • The private and public institutions governing the relationship between corporate managers and entrepreneurs, and investors (correct)
  • The exercise of power over corporate entities to increase value for stakeholders

    • According to the Cadbury Report, how is Corporate Governance defined?

  • As the exercise of power over corporate entities to increase value for stakeholders
  • As the governance of relationships between corporate managers and investors in a market economy
  • As the private and public institutions governing corporate managers and entrepreneurs
  • As the process by which companies are directed and controlled (correct)

    • How does Corporate Governance defined by Corporate Governance: An International Review differ from the definition in the Cadbury Report?

  • It emphasizes increasing value for stakeholders through power exercise (correct)
  • It focuses on directing and controlling companies as a process
  • It emphasizes private and public institutions governing corporate managers
  • It highlights the relationship governance in a market economy

    • What aspect of Corporate Governance does the OECD definition specifically highlight?

    <p>Governing the relationship between corporate managers, entrepreneurs, and investors</p> Signup and view all the answers

    According to Dean Robert Clark, which of the following is NOT one of the characteristics essential to the vitality and appeal of the corporate form?

    <p>Tax benefits for investors</p> Signup and view all the answers

    In the eyes of the law, a corporation is considered as:

    <p>A real person</p> Signup and view all the answers

    Which aspect of the corporate form was considered radical a century ago?

    <p>Limited liability for investors</p> Signup and view all the answers

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