Asked by Bryce Burns on May 06, 2024
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Corporate governance:
A) if effective, should enhance stakeholders' confidence that the organization is being managed in their best interests.
B) ensures the personal interests of top management are fully achieved.
C) is only important to non-publicly traded companies.
D) is a department within Canada Revenue with a mandate to ensure all corporations file annual tax returns.
Corporate Governance
The system by which a company is directed and controlled. If properly implemented it should provide incentives for top management to pursue objectives that are in the interests of the company and it should effectively monitor performance.
Annual Tax Returns
are yearly reports filed with a governmental body declaring income, profits, and losses to determine tax liability.
- Comprehend the role and importance of corporate governance in an organization.
Verified Answer
Learning Objectives
- Comprehend the role and importance of corporate governance in an organization.
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