Corporate governance may be best thought of as _________.
A)the people, systems, and processes within companies used to ensure that companies are well-managed
B)the level of control exerted by senior management
C)a subsidiary entity that is controlled by a parent company
D)Corporate donations to political parties and non-profit entities

Question

Quizplus · Accepted Answer

Corporate governance refers to the systems, processes, and structures in place within a company that aim to ensure effective management, accountability, transparency, and control. It involves the distribution of power and responsibility among different stakeholders within the organization, including the board of directors, management, shareholders, and other stakeholders. Option B is too narrow and does not capture the full scope of corporate governance. Option C is a definition of a subsidiary, not corporate governance. Option D is not related to the definition of corporate governance.

Corporate Governance May Be Best Thought of as _________