The need for corporate Governance is realised for confidence building change management, investment and ______.
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Corporate governance is the collection of laws, procedures, and regulations that govern how corporations are run.
Explanation:
good corporate governance:
- Stronger growth and more inclusive societies are supported by good corporate governance, which aids in creating the climate of trust, openness, and accountability needed to promote long-term investment, financial stability, and commercial integrity.
- The goal of corporate governance is to support efficient, innovative, and responsible management that can ensure the long-term success of the business. Corporate governance is the framework for managing and directing businesses. The governance of corporations is the responsibility of the boards of directors.
- Corporate governance that is up to par can help you compete on a global scale with other businesses. Transparency, responsibility to shareholders and the community, strong corporate trusteeship, and the protection of employees' welfare are all characteristics of good corporate governance.
4 basic objectives of corporate governance:
- accountability
- transparency
- fairness
- responsibility
hence Corporate governance is the collection of laws, procedures, and regulations
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