answersLogoWhite

0


Best Answer
It dependsIt depends very much on the company, its competitive environment, the kind of business they are doing. This is the probably most asked question in companies on the executive level. In the USA the government tried to answer this question with the Sorban-Oxley Act and give minimal requirements to the companies. Also there are whole departments at business faculties, which try to answer this question.
User Avatar

Wiki User

12y ago
This answer is:
User Avatar
More answers
User Avatar

Anonymous

Lvl 1
3y ago

how can good corporate governance be achieved?

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can companies achieve good corporate governance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What recognition did Brasil Telecom achieve in the area of corporate governance?

Cico and BrT gained recognition in the area of corporate governance. Industry analysts acknowledged that BrT strictly complied with good corporate governance practices, often a rarity in the Brazilian telecommunications industry.


What is the impact of corporate governance on company performance?

Good governance, good performance Poor governance, poor performance


Define corporate governance statement of compliance?

A corporate governance statement of compliance refers to a document that provides an overview of a company's adherence to corporate governance principles, regulations, and standards. It outlines the company's commitment to good governance practices, including its compliance with applicable laws, ethical standards, and guidelines. This statement is typically included in the company's annual report or other public disclosures to inform stakeholders about its governance practices.


What is the meaning of the quality of corporate governance?

It means that corporate governance is a theoretical application of good practice but the quality of management is what would govern the quality of the governance in the final analysis as they would be responsible for ensuring it was applied.


What is the Corporate Governance Framework?

Corporate governance is the system by which corporations are managed (or 'governed'). The governance structure specifies the distribution of rights and responsibilities among the organisation's hierarchy (including positions like creditors and board of directors) which in turn will dictate how and when objectives are made.


What has the author Anita Ernstorfer written?

Anita Ernstorfer has written: 'Capacity development for good governance' -- subject(s): Public administration, Corporate governance


What are the objective of the securities and exchange commission?

to intitutionalyze the principles of good corporate governance in the entire organizations


What is the meaning of corporate governance?

Corporate governance is most often viewed as both the structure and the relationships which determine corporate direction and performance. The board of directors is typically central to corporate governance. Its relationship to the other primary participants, typically shareholders and management, is critical. Additional participants include employees, customers, suppliers, and creditors. The corporate governance framework also depends on the legal, regulatory, institutional and ethical environment of the community. Whereas the 20th century might be viewed as the age of management, the early 21st century is predicted to be more focused on governance. Both terms address control of corporations but governance has always required an examination of underlying purpose and legitimacy. - - James McRitchie, 8/1999 http://corpgov.net/library/definitions.html


How do companies maintain good corporate images?

There are many ways that any large companies can maintain good corporate images. The best way to maintain good corporate images is to avoid all controversy.


How are liabilities linked to corporate governance?

Liabilities are linked to corporate governance as they represent obligations that a company owes to external parties. Effective corporate governance helps ensure that these liabilities are managed and disclosed properly, promoting transparency and accountability within the organization. Good governance practices also help in monitoring and managing risks associated with liabilities, ultimately safeguarding the company's financial health and reputation.


What is good governance and its characterstics?

There seven characteristics of corporate governance, being, accountability, discipline, fairness, independence, transparency, responsibility and social responsibility. Vongani Masondo


What has the author Suherman Toha written?

Suherman Toha has written: 'Penelitian masalah hukum tentang penerapan good corporate governance pada dunia usaha'