firm governance and strategy in the institution context (module)

Instructions

Answer

The prosperity of a country is heavily reliant on its institutions. For institutions to prosper, private and public, an enabling environment must exist. This environment is created and sustained by a countrys legal and administrative institutions. When the trust of these institutions is eroded, the economy of a country is damaged. Similarly, the quality of governance within a state is one of the factors, which are directly linked with its economic growth. A countrys governance mechanisms have a direct effect on governance at the firm-level. Typically, corporate governance falls within the purview of shareholders. This traditional model of corporate governance has been subjected to criticism in the recent past. The criticisms are based on the fact that the traditional model of governance on...

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