Question

Define and explain the concept of corporate governance

Answer 1

Answer:

Corporate governance is the combination of rules, processes or laws by which businesses are operated, regulated or controlled. The term encompasses the internal and external factors that affect the interests of a company's stakeholders, including shareholders, customers, suppliers, government regulators and management.

Explanation:

Corporate governance' is the system of rules, practices and processes by which a company is directed and controlled. It essentially involves balancing the interests of the many stakeholders in a company- these include its shareholders, management, customers, suppliers, financiers, government and the community.

Answer 2

Answer:

Corporate governance means running of government by some corporate body. Here Corporate body refers to capitalist.