Asked by Breanna Beaver on Jun 29, 2024

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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.
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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.