What are the benefits of having strong corporate governance?

a. Managers and employees fear for their jobs; fear improves productivity.

b. There are no benefits to corporate governance, which is seen as an unneeded expense.

c. The ability to be strategically competitive and perform without risk of being ethically or legally exposed. d. One person has a large amount of power to make actions as quickly and riskily as necessary.

Question

Business

Kendrick Faulkner

4 May, 15:38

What are the benefits of having strong corporate governance?

a. Managers and employees fear for their jobs; fear improves productivity.

b. There are no benefits to corporate governance, which is seen as an unneeded expense.

c. The ability to be strategically competitive and perform without risk of being ethically or legally exposed. d. One person has a large amount of power to make actions as quickly and riskily as necessary.

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Answers (1)

Know the Answer?

Mathew Fleming · Answer 1

Answer: Option (C)

Explanation:

Here, from the given options the correct option is (C). Corporate governance is referred to as the system or method through which organizations are both directed by the employees at the top hierarchy and thus controlled by the shareholders. There are several benefits of having a strong corporate governance, the option (C) is one of them. Since the strong corporate governance induces the capability of performing strategically especially against the competition.