Discussion Topic: Corporate Governance Stakeholder theory states that many types
ID: 407262 • Letter: D
Question
Discussion Topic: Corporate Governance
Stakeholder theory states that many types of groups depend on the fiduciary duties of the company’s management (i.e. employees, customers, suppliers, shareholders, etc.). You will use concepts learned in this Discussion to address your assignments. Go to the Kaplan Library, which can be accessed through the home area of the course room, and find an article on Corporate Governance. Include the title, author, and cite any short quote used appropriately making sure to include the reference using APA citation and reference style.
Discuss in your own words: How is corporate governance defined?
What are the essential components of corporate governance and how does it affect the workplace environment?
In your response, discuss how corporate governance shapes the ethical climate of a company. What components of corporate governance have you experienced in your professional career?
What red flags would be a signal of poor corporate governance?
Explanation / Answer
Answer:
How is corporate governance defined?
Answer: It is the system, processes and procedures by which the companies are governed and run. They require the balancing efforts to support the interest of various stakeholders.
What are the essential components of corporate governance and how does it affect the workplace environment?
Answer: Essential component of corporate governance are:
1. it should support the overall objectives and the strategy of the company.
2. The rule needs to be made and very clearly communicated to the individuals or the stakeholders inside the business.
In your response, discuss how corporate governance shapes the ethical climate of a company. What components of corporate governance have you experienced in your professional career?
Answer: Corporate governance makes the stakeholder more resposible and careful enough in their deeds whenever they take decision in the firm. This creates an environment in which ethics and their practices come into play and makes the whole corporate environment more conducive for the best practices to sustain in the business.
What red flags would be a signal of poor corporate governance?
Answer: The implementation overlags is the red flag for the poor corporate governance.