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    Corporate governance relates to maximizing profit within a company through broad internal controls and treating stakeholders ethically and socially. It aims to make companies self-accountable. Social responsibility contrasts with profit-focus and suggests external stakeholder benefits through self-regulation and balanced economic and social goals. Shareholders own company shares and can vote but are not liable for debts, whereas stakeholders like employees and bondholders have long-term ties to the company's success.

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    Corporate governance relates to maximizing profit within a company through broad internal controls and treating stakeholders ethically and socially. It aims to make companies self-accountable. Social responsibility contrasts with profit-focus and suggests external stakeholder benefits through self-regulation and balanced economic and social goals. Shareholders own company shares and can vote but are not liable for debts, whereas stakeholders like employees and bondholders have long-term ties to the company's success.

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    1 views1 page

    Worksheet in Good Gov Prefinals

    Uploaded by

    johngallato85
    Corporate governance relates to maximizing profit within a company through broad internal controls and treating stakeholders ethically and socially. It aims to make companies self-accountable. Social responsibility contrasts with profit-focus and suggests external stakeholder benefits through self-regulation and balanced economic and social goals. Shareholders own company shares and can vote but are not liable for debts, whereas stakeholders like employees and bondholders have long-term ties to the company's success.

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    © All Rights Reserved
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    Corporate Governance

     It is related to profit maximization.


     It is the broadest control mechanism within the company.
     It is concerned with treating the firm’s stakeholders ethically and socially.
     It includes the owners and shareholders of a company.
     It is a self-regulating business model that helps a company be socially accountable.
    Social Responsibility
     It contrasts with profit maximization.
     It suggests a set of actions beneficial for external stakeholders.
     It is based on self-governance.
     It is concerned with balancing economic and social goals.
     It aims to align the interests of individuals, corporations, and society.
     Its framework encourages the efficient use of resources.
    Shareholder
     It can be an individual that owns at least one share of the company.
     It has the right to exercise a vote.
     It can be an individual investor.
     It includes the company's owners but not liable for the company debts.
     It does not have a long-term need for the company.
    Stakeholder
     It includes the employees of the company.
     It is bound to the company for the long term
     It includes bondholders who own company-issued debts.
     It can be suppliers and vendors.
    .

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