Corporate Governance

question 36

Multiple Choice

Corporate governance:

• A)if effective, should enhance stakeholders' confidence that the organization is being managed in their best interests.
• B)ensures the personal interests of top management are fully achieved.
• C)is only important to non-publicly traded companies.
• D)is a department within Canada Revenue with a mandate to ensure all corporations file annual tax returns.

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Definitions:

Adequate Compensation

Refers to fair and sufficient payment or remuneration provided to employees for their work, balancing their contributions with their earnings.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a hierarchical pyramid with physiological needs at the base, ascending to self-actualization at the top.

Esteem Needs

According to Maslow's hierarchy, these are the fourth level of human needs, including self-esteem, confidence, achievement, and respect from others.

Self-Actualization Needs

The highest level on Maslow's hierarchy of needs, referring to the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences.