Review:
Corporate Governance Practices
overall review score: 4.2
⭐⭐⭐⭐⭐
score is between 0 and 5
Corporate governance practices refer to the policies, processes, and structures through which a company is directed and controlled to ensure accountability, fairness, and transparency in its operations.
Key Features
- Board of directors
- Shareholder rights
- Ethical standards
- Disclosure and transparency
- Risk management
Pros
- Enhances transparency and accountability
- Helps build investor confidence
- Promotes ethical behavior within the company
Cons
- Implementation can be costly for small businesses
- Resistance from entrenched management in some cases