The system by which organizations are directed and controlled by their owners is called ________ governance.
A) corporate
B) business
C) organizational
D) company

Question

Quizplus · Accepted Answer

Corporate governance refers to the set of processes, principles, and values that guide the way an organization is managed and controlled by its owners/shareholders. It encompasses the relationships between the board of directors, management, shareholders, and other stakeholders, and aims to ensure the organization's long-term success and sustainability. Business, organizational, and company governance are not commonly used terms and do not accurately describe the concept of corporate governance.

The System by Which Organizations Are Directed and Controlled by Their