Asked by Julian Cintron on Jun 03, 2024
Verified
Corporate governance is defined as the way that governments regulate corporations.
Corporate Governance
The system of rules, practices, and processes by which a company is directed and controlled, focusing on balancing the interests of stakeholders.
Governments
The system or group of people governing an organized community, often a state, including institutions and individuals with authority to make and enforce laws.
- Recognize the role of corporate governance in ethical corporate management.
Verified Answer
AB
alexis bectonJun 06, 2024
Final Answer :
False
Explanation :
Corporate governance is not controlled by governments, but rather is the system of rules and practices that guide how a company is directed and controlled. It involves balancing the interests of a company's stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community.
Learning Objectives
- Recognize the role of corporate governance in ethical corporate management.
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