What are the features of corporate governance?

Seven Characteristics of Corporate Governance
  • Discipline. Corporate discipline is a commitment by a company’s senior management to adhere to behavior that is universally recognized and accepted to be correct and proper. …
  • Transparency. …
  • Independence. …
  • Accountability. …
  • Responsibility. …
  • Fairness. …
  • Social responsibility.

Which of the following is feature of governance?

Features of Good governance are as follows: Rule of Law. Responsive Government. Transparency in working of the government.

Which of the following is not a corporate governance features?

The correct answer is Red Tapism.

What are the 5 pillars of corporate governance?

The pillars of successful corporate governance are: accountability, fairness, transparency, assurance, leadership and stakeholder management.

Which of the following are features of corporate governance Mcq?

It gives ultimate responsibility to the Board of Directors. Corporate Governance has a broad scope. It includes both social and institutional aspects. Corporate Governance encourages a trustworthy, moral as well as ethical environment.

Which of the following is not a code of corporate governance?

Which of the following is not a code of corporate governance? The Sarbanes–Oxley.

What are the 4 pillars of corporate governance?

What are the pillars of good governance?
  • Transparency.
  • Accountability.
  • Fairness and equity.
  • Responsibility.

What are the 4ps of corporate governance?

The four P’s of corporate governance are people, process, performance, and purpose.

What are 6 characteristics of a good corporate governance system?

Six Pillars of Good Corporate Governance
  • Rules of law. • Legislating and issuing regulations that are fair and acceptable to employees and society. …
  • Moral integrity. • Embracing the morality and cultural values. …
  • Transparency. • …
  • Participation. …
  • Responsibility and accountability. …
  • Effectiveness and efficiency.

What are the 8 indicators of good governance?

Citing from the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the concept of good governance has eight principles.
  • Participation. …
  • Rule of law. …
  • Transparency. …
  • Responsiveness. …
  • Consensus oriented. …
  • Equity and inclusiveness. …
  • Effectiveness and efficiency. …
  • Accountability.

What are the 3 pillars of good governance?

The three pillars of corporate governance are: transparency, accountability, and security. All three are critical in successfully running a company and forming solid professional relationships among its stakeholders which include board directors, managers, employees, and most importantly, shareholders.

What are the types of corporate governance?

A corporate governance structure is often a combination of various mechanisms.
  • Internal Mechanism. The foremost sets of controls for a corporation come from its internal mechanisms. …
  • External Mechanism. …
  • Independent Audit. …
  • Small Business Relevance.