A-Z of Corporate Governance Law
Corporat e governance law describes how a company will be managed and governed. This topic is an important one for any student pursuing a degree in law. They may also receive academic papers to write on it. Hence, individuals should be clear about this law. The article aims at clarifying the idea behind the law and why it is important. What exactly is corporate governance law? A business is directed and controlled by the system of corporate governance. It is a process for governing a company, establishing the policies, customs, and laws for all employees, starting from the highest to the lowest levels. It states the distribution of responsibilities and rights among the various participants in a company like the directors, shareholders, managers, and officers. The main aim of corporate governance is to enhance the accountability of a company and avoid big disasters before they take place. The basis of corporate governance is built upon the principles of responsibility,