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What is the purpose of corporate governance mechanisms and what are the crucial components of corporate...

What is the purpose of corporate governance mechanisms and what are the crucial components of corporate governance principles? 120–150 words

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Basically corporate governance is the system of practices, rules and processes by which a company is directed and controlled. Main purpose of the corporate governance is to do or to have managements which are good to most of the stakeholders. Recently, companies are aiming to have management which is good to public and nature. Because this kind of corporate governance seems to increase the company’s reputation among the public and market. According to Australian Institute of Company Directors, an effective governance framework would have appropriate regard to the

  • contribution of individual directors
  • effectiveness of the board and board performance
  • way in which governance is applied throughout the organization

ekkarill92 answered 2 years ago
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