Corporate governance is most likely to occur when:
A)a board of directors holds top management accountable for organizational performance.
B)minority members are denied the full benefits of organizational membership.
C)the traditional top-down "do as I say" form of management prevails.
D)top managers guide the performance of the organization as a whole.
E)team leaders report to middle managers about the performance of the nonmanagerial workers.

Question

Quizplus · Accepted Answer

Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. A key aspect of corporate governance is the accountability of top management to the board of directors, who represent the interests of shareholders and oversee the company's strategy and performance. Therefore, when a board of directors holds top management accountable for organizational performance, corporate governance is more likely to occur.

Corporate Governance Is Most Likely to Occur When