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Corporate Governance Is the Set of Mechanisms Used to Manage

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Corporate governance is the set of mechanisms used to manage the relationship among stakeholders and to determine and control the strategic direction and performance of an organization.

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Definitions:

Cultural Development

The process through which a society's cultural elements such as norms, values, and practices evolve over time.

Upward Mobility

The ability for an individual or group to improve their economic status, often through education, career advancements, or increased income.

Colonial Explorer

Individuals who explored and charted new territories for their respective nations during the period of colonial expansion, often leading to the establishment of colonies.

Indigenous People

Indigenous people are ethnic groups who are the original inhabitants of a given region, having distinct cultures, languages, and traditions, often facing exploitation and dispossession.

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