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Corporate Governance:
Role of Board of Directors & Top Management
Corporate Governance
Management runs the company without being responsible for personally providing
funds.
The BOD has, therefore, an obligation to approve all decision that might
affect the long-run performance of the corporation.
• To sum up…
• Corporate governance refers to the
relationship among these three groups - top
management, BOD and shareholders - in
determining the direction and performance of
the corporation.
Responsibilities of the Board