Question
In: Accounting
1) What is good governance about? 2) What do the terms statutory and regulatory refer to?
1) What is good governance about?
2) What do the terms statutory and regulatory refer to?
Solutions
Expert Solution
1) What is good governance about?
Answer: Good governance and accountability are important for sustainable and inclusive economic growth. The Good governance recognizes accountability with an improvement in the delivery of public services measures the performance and give incentives for achieving the targets and sanctions in case of non-performance. Good governance is about the present and future requirements of the organization, exercises prudence in setting of the policies and decision-making, and that in best interests of all investors are taken into account
2) What do the terms statutory and regulatory refer to?
Answer: The term statutory regulation can be defined as a regulation that is implemented by law. Statutory are obligatory requirement as specified by body of legislative; and regulatory refers to the obligatory requirement as specified by an authority mandated by body of legislative.
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