Asked by FRANCIS VENTURA on May 12, 2024
Verified
Effective corporate governance enhances stakeholders' confidence that an organization is being managed in their best interests rather than solely in the interests of top management and certain key individuals.
Stakeholders' Confidence
Stakeholders' confidence refers to the trust and belief shareholders, employees, customers, and other stakeholders have in a company's management and future outlook.
- Understand the significance and function of corporate governance within a company.
Verified Answer
DM
Delyisa McallisterMay 16, 2024
Final Answer :
True
Explanation :
This statement is true. Effective corporate governance is important for ensuring that an organization is being managed in the best interests of all stakeholders, including shareholders, employees, customers, and suppliers, rather than just the interests of top management or key individuals.
Learning Objectives
- Understand the significance and function of corporate governance within a company.