Corporate Governance describe the forms and processes for the direction and control of members of a group. It is connected with holding the balance between economic and social goals and between individual and communal goals. In addition, corporate governance also decreases wastage, corruption and mishandling of resources. Good corporate strategies and objectives than an organization or company has allows for less wastage, it is also allows for no corruption because there is no mishandling of resources owing to the fact that everyone knows where resources are to be designated and used. It is also arranges the relationships among investors, boards of directors, managers and other stakeholders. It helps to maximize long term shareholder value by improving corporate decision making and performance. Furthermore, good corporate governance fills the democratic values of fairness, accountability and transparency into organizations. It maintains the integrity of business transactions and in so doing strengthens the rule of law and democratic governance. Good corporate governance allows for the clarification of private rights and public interest and the prevention of their abuse. In order for an organization to be effective, it must be accountable, responsible and transparent.
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Corporate Governance describe the forms and processes for the direction and control of members of a group. (2019, Jan 30). Retrieved February 27, 2021, from https://midwestcri.org/corporate-governance-describe-the-forms-and-processes-for-the-direction-and-control-of-members-of-a-group/