Sfsfsf Essay

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Question1: What is corporate?What is Governance? Why organizations need corporate governance? Ans: Corporate: The adjective CORPORATE has 4 senses: 1. of or belonging to a corporation 2. possessing or existing in bodily form 3. done by or characteristic of individuals acting together 4. organized and maintained as a legal corporation Pertaining to corporations. Corporations are the most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, called incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnership. Governance is the act of governing. It relates to decisions that define expectations, grant power, or verify performance. It consists of either a separate process or part of management or leadership processes. These processes and systems are typically administered by a government. When discussing governance in particular institutions, the quality of governance within the institutions is often compared to a standard of good governance. In the case of a business or of a non-profit organisation, governance relates to consistent management, cohesive policies, guidance, processes and decision-rights for a given

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