Description
Q. suggest relevant commendations to prevent the corporate failure by referring to the elements of corporate governance.
the elements of corporate governance are :-
1- Good board practices.
2- control environment .
3- Well-defined shareholders rights.
4- Transparent disclosure.
5- Board commitment .
you should explain each above element to prevent the corporate failure( suggestions )
the answer should be 300 words
Explanation & Answer
Attached.
Running Head: CORPORATE FAILURE
1
Corporate failure
Institutional affiliation
Date
CORPORATE FAILURE
2
Corporate failure
Corporate failure involves the operations of a company following its inability to make a profit or
have enough revenue to cover its expenses. Corporate failure may result from poor management
skills, inability to make decisions for the company, or insufficient marketing. This means that an
organization should have effective operations that could make it succeed. There are different
elements of corporate governance that need to be considered to avoid corporate failure (du
Plessis & Low, 2017).They include the following
1- Good board practices
These practices are meant for enhancing effective performance in an organization. The different
practices that should be considered include but not limited to, roles and authorities should be
well defined to ensure that everybody within the corporate understands their duties. The board
should be well-structured to ensure that everybody understands what it entails. Board procedures
should as well be appropriate for everyone in the corporate.
2- Control environment
The control of environment practices includes a well-established disaster recovery system f...
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