Corporate governance encompasses the relationship among a company's:
Correct answer: D. Shareholders, board of directors and senior managementTry Prep Courses
- A. Shareholders and board of director
- B. Board of directors and senior management
- C. Shareholders and senior management
- D. Shareholders, board of directors and senior managementTry Prep Courses
Explanation
Corporate governance addresses the interconnected relationships among shareholders, the board of directors, and senior management. These groups divide ownership, oversight, and operational authority within the company.
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About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
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