Question

Explain the role of corporate governance in strategy formulation

Answer 1

NEED FOR CORPORATE GOVERNANCE Corporate governance is an important part of strategic management that can improve firm performance. ... Corporate governance decides, for example, which strategic decisions can be decided by managers and which decisions must be decided by the board of directors or shareholders.

Answer 2

The role of corporate governance:

• In strategic management, corporate governance relates to the collection of internal rules and policies that determine the direction of an organization. Of starters, corporate governance determines which strategic decisions management should make and which decisions the board of directors or shareholders can determine.
• Corporate governance is the structure that guides and regulates enterprises. Executive committees are accountable for a company's administration. The role of shareholders in governance is the selection of directors and auditors and the guarantee that a proper governance structure is in effect.

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