The system of governing a company so that the interests of corporate owners and other stakeholders are protected is known as corporate governance.
The given statement is true.
What do you understand by corporate governance?
- Corporate governance is the system by which companies are managed and controlled. The board is responsible for the management of its companies. The shareholders' role in governance is to appoint directors and auditors and to ensure that an appropriate governance structure is in place.
- The responsibilities of the board of directors include setting the company's strategic goals, providing leadership for their implementation, overseeing the management of the business, and reporting to shareholders on their management.
- Corporate governance is therefore about what the company's board of directors does and how it sets the company's values, and must be distinguished from the day-to-day operational management of the company by full-time executives.
To learn more about corporate governance, refer to:
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