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Asked by Maria Amavizca on Apr 29, 2024

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Corporate governance refers to the procedures designed to ensure that the company is managed in the interest of the board of directors who oversee management.

Corporate Governance

The procedures designed to ensure that the company is managed in the interests of the shareholders.

Board of Directors

A body of people chosen by stockholders to supervise the administration and make significant decisions for a company.

Company's Management

The group of individuals responsible for the strategic planning and day-to-day operations of a company, including decision-making and policy setting.

  • Identify the fundamentals of corporate governance and the significance of maintaining ethical standards in financial reporting.
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brooke alexandraMay 01, 2024
Final Answer :
False
Explanation :
Corporate governance refers to the procedures designed to ensure that the company is managed in the interest of all stakeholders, including shareholders, employees, customers, and the community, not just the board of directors. The board of directors is responsible for overseeing management and ensuring that the company is run in a responsible and ethical manner.

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