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What is corporate governance? What is the role of corporate governance?

What is corporate governance? What is the role of corporate governance?

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Expert Solution

The process of regulating an organization in order to protect the rights of corporate owners and other stakeholders and to keep managers to account for their actions.
Corporate governance's role is largely to direct and control the role of the firm and shareholders in governance by allocating the directors and auditors and conferring on the establishment of a suitable governance structure. Corporate governance plays a critical role in ensuring corporate success and sound economic development. Only strong corporate governance retains the confidence of investors, which allows the firm to collect capital efficiently.

keosha answered 2 years ago
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