Question

Explain the meaning of ‘Corporate Governance’ and explain any one model of it.

Answer 1

Person and recognized as such in law. Early incorporated entities were established by charter by an ad hoc act granted by a monarch or passed by a parliament or legislature. Most jurisdictions now allow the creation of new corporations through registration. Corporations enjoy limited liability for their investors, which can lead to losses being externalized from investors to the government or general public, while losses to investors are generally limited to the amount of their investment.