What are the 4 Principles of Corporate Governance?
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- meaning of corporate governance and Explain in 500 words the 4 P’s of corporate governance.what are the principles of good corporate governance?Why is it necessary for boards to delegate financial responsibilities or accountabilities? Is there a difference between responsibility and accountability in this context?
- Why it is important for a firm to follow the effective corporate governance and explain how it can help improve shareholders and stakeholders confidence in the organization?Create a mission and vision statements about managementwrite in details about this topic :'' corporate governance; importance and application''.
- What functions does a board perform and how does this contribute to the corporate governance of the company?Contemporary.Business Environment and Strategic Focus of Cost Management 67 Exercise 2 Jim Castelo's lifelong hobby has been racing small sailboats. Jim has been successful both at the sport and in the design of new pieces of equipment to be used on small sailboats to make them easier to sail and more effective in racing. Jim is now thinking about starting a mail-order business in his garage to seli products he favors, as well as some he has designed himself. He plans to contract out most of the manufacturing for the parts and equipment to machine shops and other small manufacturers in his area. Required: Develop a strategic analysis for Jim's new business plan. What should be his competitive position; that is, how should be choose to compete in the existing market for sailboat supplies and equipment? How is he likely to use cost management information in building his business?Why are internal audits important?