Explanation Corporate governance is essentially a set of rules that serves as a road-map for managers who chase various goals of the firm. A good corporate governance structure provides stakeholders with an understanding of how business is run and who is accountable for critical decisions. It helps stakeholders understand their rights and responsibilities. Corporate governance involves formation of an independent board of directors that serves as a checks and balances system to monitor important managerial decisions including compensation of executives...

what is corporate governance and how it affects the returns generated for shareholders

CFIN -STUDENT EDITION-W/ACCESS+STICKER

5th Edition

ISBN: 9781305920378

Author: BESLEY

Publisher: CENGAGE L

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Chapter 1, Problem 9PROB

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To determine: what is corporate governance and how it affects the returns generated for shareholders

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