What is corporate governance? What role does corporate governance play in strategic planning? Why is it important? Explain your answer and give an example© BrainMass Inc. brainmass.com March 4, 2021, 9:57 pm ad1c9bdddf
Corporate governance involves the policies and procedures of a corporation and the processes by which the corporation manages its day to day activities. Effective corporate governance relies on external factors (such as the market, environmental and local community needs, and legislation) as well as internal factors (the shareholders' and stakeholders' policies and processes).
Corporate governance plays a very important role in strategic planning as it not only determines the structure and operations of the corporation and ...
This solution provides a discussion of corporate governance and how it relates to strategic planning in 321 words.