Define corporate governance and explain why it is used to monitor and control managers strategic decisions.


help creating a thesis and an outline on Define corporate governance and explain why it is used to monitor and control managers strategic decisions. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. no. Corporate Governance and Strategic Decisions The corporate governance comprises of the practices, rules, and processes that direct and control a company. The corporate governance is usually fundamental in balancing the interests of the company stakeholders including managers, suppliers, consumers, government, financiers, and the entire community (Tricker 22). Notably, the corporate governance provides the framework through which the company attains its objectives. thus, it practically engulfs every management sphere including the action plan as well as the internal controls to the management measurement performance and corporate disclosure. Therefore, since the corporate governance encompasses all the management spheres of the company, it forms the vital tool in monitoring and controlling all the strategic decisions of the company’s managers.

From the above definition of the corporate governance, it is clear that it governance both internal and external factors driving the operations of a company. It is usually the responsibility of the entire management to understand and determine how to balance between the external and internal factors affecting a company (Joshi 46). hence, under the umbrella of corporate governance, the management of the company is capable of determining what affects both the external and internal player of the company. For instance, quality of a product will affect the response of the consumers. In this case, the quality of the product is manly affected by laxity of the internal factors but may also be attributed by external factors (suppliers supply poor quality of raw material). However, the whole issue lies with internal quality management that could have detected the quality of the raw material and rejected the same due to poor quality (Fernando 72). Nonetheless, the corporate governance forms a vital management aspect of a company and every aspect of corporate governance must be considered effective to ensure smooth and efficient company management.

Works Cited

Fernando, A C. Corporate Governance: Principles, Policies and Practices. New Delhi: Pearson Education, 2009. Print.

Joshi, Vasudha. Corporate Governance: The Indian Scenario. Delhi, India: Foundation Books, 2004. Print.

Tricker, R I. Corporate Governance: Principles, Policies and Practices. Oxford: Oxford University Press, 2012. Print.

 

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