Explain the following corporate governance

What are the four fundamental principles of corporate governance?

The basic principles of corporate governance are accountability, transparency, fairness, responsibility, and risk management.
Governance refers specifically to the set of rules, controls, policies, and resolutions put in place to direct corporate behavior.
A board of directors is pivotal in governance.

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What is corporate governance?

Typically, corporate governance is a system of rules that encompasses nearly all aspects of company management such as:

  • the development of processes
  • setting of internal controls
  • measurement of performance
  • and so on.
    Keep reading as I will further break down the meaning of corporate governance and tell you how it works.

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