Respuesta :
The term corporate governance refers to the relationship among the board of directors, top management, and the shareholders in determining the direction and performance of the corporation.
what is corporation?
A company is a separate legal entity from its shareholders. Many of the same legal rights and obligations apply to corporations as to people. They are able to sign contracts, make loans and take loans, sue and be sued, hire staff, possess assets, and pay taxes.
The great majority of businesses want to make money for their shareholders. But other businesses, like charitable foundations or fraternal associations, are nonprofit or not-for-profit.
In any case, beyond the possibility of losing their investment in the organization, their shareholders do not bear liability for it.
The number of shareholders in a private or "closed corporation" can be one or many. There are tens of thousands of stockholders in publicly traded companies.
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