How corporate governance has transformed the working of modern business?
Answers
Answered by
7
Answer:
Corporate governance has transformed the working of modern business in many ways some of which are;
Explanation:
- Improved transparency due to the many heads involved in governance of the business, this has in turn led to increased trust by the customers and hence more sells.
- More accountability which is motivated by the need for governors to display their good governance skills.
- Corporate governance help thee business show sensitivity and compliance to social responsibility, through drives such as social ethics.
Answered by
1
The method of corporate governance is adopted to control and direct a company. In any company, it is the senior management, stakeholders or the board of directors who are responsible for setting the objectives and values for their companies.
Explanation:
- Good governance increases its brand image and is effective in attracting investors to invest in companies.
- The companies that are well-governed do well in the markets and attract customers and investors.
- Good governance should be efficient, effective, transparent, responsive and should be accountable.
- Effective corporate governance is necessary because of controlling the chances of conflict of interest amongst the senior management or the stakeholders.
- It helps in defining the responsibilities and identifies the distribution rights among different people in the corporation.
Learn more about corporate governance
Why corporate governance is necessary for business growth explain?
https://brainly.in/question/6816840
Recent developments in corporate governance in India
https://brainly.in/question/10315407
Similar questions