1.12 Effective corporate governance includes the establishment of a well defined set of policies related to ethical behavior and ensuring that required and appropriate internal controls are in place and effective. Discuss the purpose of establishing and implementing both of these sets of policies in terms of risk and responsibility.
Expert Answer
the general meaning of corporate governance is operate the business activities of a corporate ethically in acceptable way to all the impacted people to the business, like management, employees, customers, creditors, competitors and even government and society. protection of the rights of all stakeholders to the firm-
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