Module 12 - Corporate Governance, Ethics, and Business Sustainability

Question 1

What is Governance?

Answer 1

Governance is authority applied on management, by which they must abide to make the rules. The external governance of an organisation is about compliance with laws, government regulations, accounting standards, and industry regulators.

Question 2

What is Corporate Governance?

Answer 2

Refers to the rules, practices, and processes by which a company is directed and controlled.

Question 3

What is the primary goal of Corporate Governance?

Answer 3

The primary goal of corporate governance is to ensure transparency, accountability, fairness, and integrity in business operations, and the relationships with various stakeholders.