Improving the application of internal and external factors of the corporate governance system
Keywords:corporate governance, external structures, financial crises, internal structures, shareholder trust
Corporate governance practices are used to promote goals and objectives rather than as a way to implement structures and procedures that enable a corporation to gain shareholder trust, reduce the risk of financial crises, and increase access to capital. Establishing internal structures and procedures based on the principles of fairness, transparency, accountability, and responsibility is the primary task that must be addressed by management in the process of corporate governance reform.
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