The corporate governance and explain why it is used to monitor and control managers’ strategic decisions.The ownership has been largely separated from managerial control in the modern corporation. Corporate governance essentially involves balancing the interests of a company’s many stakeholders, such as shareholders, management, customers, financiers, government and the community. In this lecture briefly focus on three internal governance mechanisms: ownership concentration, the board of directors, and executive compensation—are used to monitor and control managerial decisions.
Corporate Governance
