.

false Radicals, socialists, and anarchists have long advocated patterns of rule that do not

require the capitalist state.

2 true There is disagreement among radicals about whether the new governance has led to a

decline in the power of the state. Some argue that the state has just altered the way in which it rules

its citizens; it makes more use of bribes and incentives, threats to withdraw benefits, and moral

exhortation. Others believe that the state has indeed lost power.

Governance is the process by which a company formulates rules and policies and implements

and monitors them. In order to have good governance, we must ensure that important

characteristics are respected. in the following paragraphs, I will explain to you some of these

characteristics.

First of all, we have participation. The board's members should be from both genders, as

experts have seen the value of having gender and ethnic diversity on corporate boards. All of the

members, men and women, are to participate in board meetings, and board chairs should facilitate

meetings in ways that draw out the perspectives of all board directors, especially the quiet ones.

In a second place, we need transparency. Every good corporate governance requires that

records and processes are transparent and available to shareholders and stakeholders. Financial

records should not be inflated or exaggerated. They should be presented to shareholders and

stakeholders in ways that they can understand and interpret. Transparency means that stakeholders

should be informed of everything.

 When it comes to accountability, we can say that this feature is a best practice in corporate

governance, just like in many other areas of business and social life. The board of directors is

responsible to the groups and individuals affected by its decisions, including its shareholders,

stakeholders, suppliers, employees, and the public. Transparency and the rule of law are closely

related to accountability.