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03 Review 2 Laveros..

Corporate governance is the framework for managing companies, balancing the interests of various stakeholders. It emphasizes transparency, accountability, and fairness to prevent fraud and ensure long-term success. Strong governance enhances trust with investors and can significantly impact a company's reputation and performance.

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Kirt Montaño Laveros
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4 views1 page

03 Review 2 Laveros..

Corporate governance is the framework for managing companies, balancing the interests of various stakeholders. It emphasizes transparency, accountability, and fairness to prevent fraud and ensure long-term success. Strong governance enhances trust with investors and can significantly impact a company's reputation and performance.

Uploaded by

Kirt Montaño Laveros
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

Name: Charlie T.

Magbanua
Section: BSHM302-A

1. Explain the concept of corporate governance.


- Corporate governance is like the rulebook for companies,
outlining how they're run and managed . It's about balancing
the interests of shareholders, employees, customers, and the
community. Good governance ensures transparency,
accountability, and fairness in decision-making. Think checks
and balances, so no one person or group has too much power.
It involves the board of directors, audit committees, and
compliance teams working together. Their goal is to prevent
fraud, mismanagement, and ensure the company's long-term
success. This builds trust with investors and stakeholders,
which is crucial for business growth. Companies with strong
governance tend to perform better and attract more
investment. It's not just about following laws, but also about
being ethical and responsible. Effective governance can make
or break a company's reputation.

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