Corporate governance is concerned primarily with protecting weak and widely dispersed shareholders against self-interested Directors and...

Corporate governance is concerned primarily with protecting weak and widely dispersed shareholders against self-interested Directors and Managers, Discuss the pillars of good corporate governance citing appropriate industry examples.

Expert Solution

Answer:-

There are six pillars of good corporate governance:

Responsibility-

Owing danger and compensation in acheiving objectives is the property of responsibility. In a good corporate governance it is most significant factor to make procedures and execute undertakings for achieving objectives.

Transparency -

It is important to not conceal all the procedures and exchanges with the goal that pariahs and other people who can be influenced by this can watch everything

Free confirmation:

An autonomous executive in tbe board to guarantee that there ought not be any activities for individual advantages.

Administration-

This pillar is significant for building up the manner by which business ought to be finished.

Reasonableness-

Treating every single stakeholders impartially and sensible whether they are of minority or larger part bunch is significant factor.

Stakeholder Engagement-

Engagement of stakeholders is important for the business achievement. Association of the stakeholders with business and their commitment are critical issue.

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