Question

How is corporate governance best defined?
a. The extent to which the content of workplace decisions is aligned with a firm's stated strategic direction
b. The formal system of oversight, accountability, and control for organizational decisions and resources
c. The philosophy that a board or CEO holds regarding accounting methods
d. The exercise of control and authority by those in mid-management positions
e. A system of decentralized mechanisms that assists a firm in meeting its goals

Answer

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