Corporate governance notes bba

What is corporate governance in business management?
Corporate governance is the system by which companies are directed and controlled.
Boards of directors are responsible for the governance of their companies.
The shareholders' role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place..

How does corporate governance affect the management of a company?

So, they have effective control on the management of the companies

They force the management to use corporate governance

That is, they put pressure on the management to become more efficient, transparent, accountable, etc

Unit-V Corporate governance-II Information Communication and Disclosure: 1

Lay solid foundations for management and oversight 2

Structure the Board to add value 3

Promote ethical and responsible decision making 4

Safeguard integrity in financial reporting 5

Make timely and balanced disclosure 6

Respect the rights of shareholders 7