What Do You Understand By Corporate Governance? Corporate governance is the system by which companies are directed and controlled. Boards of directors are responsible for the governance of their companies. The shareholders’ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.
What Determines How Much Economic Value Something Has? The preferences of a given person determine the economic value of a good or service and the trade-offs that they will be willing to make to obtain it. For example, if a person has an apple, then the economic value of that apple is the benefit that
Is The Goal Of Maximization Of Shareholder Wealth Necessarily Ethical Or Unethical? It is neither: it is amoral. As an abstract goal, it is neither ethical nor unethical. In practice, however, if it is the only guiding principle of a firm (as it must legally be, if a firm is a C or S corporation