Question

What is corporate governance? Explain its significance in todays business world?

Answer 1

Answer:

Corporate governance ensures transparency which ensures strong and balance economic development.

This is also ensures that the interest of all shareholders (Majority as well as minority shareholder) are safeguard.

Answer 2

Corporate governance is about enabling organisations to achieve their goals, control risks and assuring compliance. Good corporate governance incorporates a set of rules that define the relationship between stakeholders, management and the board of directors of a company and influence how the company is operating.