Major Definitions of Corporate Governance Are Given By

question 47

Multiple Choice

Major definitions of corporate governance are given by:

• A) Organization for Economic Corporation and Development OECD.
• B) International Chamber of Commerce ICC.
• C) the Cadbury Report
• D) all of the above

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Definitions:

Early Warning System

A system designed to detect early signs of risk or failure, allowing for preemptive action.

Top Management

The highest level of management in an organization, including positions such as CEO, CFO, and COO, responsible for overall strategy and direction.

Budgeting Benefits

The advantages of budgeting, including improved financial management, planning, and control, as well as enhanced decision-making.

Operating Budgets

Financial plans that outline the projected revenue and expenses for the day-to-day operations of an organization.