perspective on corporation goverance can be narrower or broader. Describe the narrower and the broader definition of corporate goverance and explain how they relate to the three view of the purpose of companies in society.
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Corporate governance in the business context refers to the systems of rules, practices, and processes by which companies are governed. In this way, the corporate governance model followed by a specific company is the distribution of rights and responsibilities by all participants in the organization.
Governance ensures everyone in an organization follows appropriate and transparent decision-making processes and that the interests of all stakeholders (shareholders, managers, employees, suppliers, customers, among others) are protected.
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