CORPORATE GOVERNANCE: WHAT IT IS AND WHY IT MATTERS?

May 29th, 2015
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Adelphi University
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Role of Finance Manager on Corporate Governance: • Finance Manager has the responsibility of endorsing the organization's strategy, developing and ensuring financial accountability of the organization to its investors and authorities. • Finance Manager should recognize that the organization have legal and other obligations to all legitimate stakeholders.

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Corporate governance is the set of processes, customs, policies, laws, and institutions affecting the way a corporation (or company) is directed, administered or controlled. Corporate governance also includes the relationships among the many stakeholders involved and the goals for which the corporation is governed. In contemporary business corporations, the main external stakeholder groups are shareholders, debt holders, trade creditors, suppliers, customers and communities affected by the corporations activities. Internal stakeholders are the board of directors, executives, and other emplo

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