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This paper explains that statutes such as corporate laws, security laws, and accounting practices, maintain the balance between management and shareholders. The author points out that an important factor in corporate governance is the vital difference between the governance of public and of private institutions. Private institutions must be capable of producing a profit, while the public sector must be more transparent than the private sector. The paper stresses that stakeholders, investors, and the government have a right to demand information, and the duty of a well-governed corporation is to provide this information upon demand.
Cite this Essay:
Corporate Governance (2005, February 02) Retrieved November 23, 2020, from https://www.academon.com/essay/corporate-governance-55747/
"Corporate Governance" 02 February 2005. Web. 23 November. 2020. <https://www.academon.com/essay/corporate-governance-55747/>