Corporate Governance Is Defined as the Oversight of the Actions

question 145

True/False

Corporate governance is defined as the oversight of the actions and decisions of top management of an organization by the board of directors.

---

Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Efficient Use

This phrase signifies the optimization of resources or processes to achieve maximum functionality or output with minimum waste or effort.

Shadow Organization

Informal networks and unofficial relationships within a company that influence decision-making and the flow of information beyond the formal organizational structure.

Management Strategy

includes the tactics and approaches used by leaders and managers to achieve organizational goals and navigate the competitive business environment.