Asked by Breanna Beaver on Jun 29, 2024
Verified
Corporate governance is the sole responsibility of top management and the boards of directors in large corporations.
Corporate Governance
The system of rules, practices, and processes by which a company is directed and controlled.
Boards of Directors
A group of individuals elected by shareholders to oversee and guide the management and strategic direction of a corporation.
- Understand the function of corporate governance in maintaining ethical standards in corporate management.
Verified Answer
JG
Jordyn GrahamJul 05, 2024
Final Answer :
False
Explanation :
While the top management and boards of directors have a significant role in corporate governance, it is not solely their responsibility. Other stakeholders such as shareholders, regulators, and employees also play a role in ensuring good corporate governance.
Learning Objectives
- Understand the function of corporate governance in maintaining ethical standards in corporate management.
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