What are the two perspectives of corporate governance?
There are three components in the definition of corporate governance: oversight, control and accountability.
There are two perspectives of corporate governance and they are: The shareholder perspective; and The stakeholder perspective..
What is the corporate governance approach?
A rules-based approach to corporate governance is based on the view that companies must be required by law (or by some other form of compulsory regulation) to comply with established principles of good corporate governance.
The rules might apply only to some types of company, such as major stock market companies..
What is the point of view of corporate governance?
The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company.
Corporate governance is the system by which companies are directed and controlled.
Boards of directors are responsible for the governance of their companies..
- A principles-based approach to corporate governance is an alternative to a rules-based approach.
It is based on the view that a single set of rules is inappropriate for every company.
Circumstances and situations differ between companies. - The governance perspective focuses on orchestrating your cloud initiatives while maximizing organizational benefits and minimizing transformation-related risks.
It comprises seven capabilities shown in the following figure.
Common stakeholders include chief transformation officer, CIO, CTO, CFO, CDO, and CRO.
