Question

Corporate governance:

A. Can be defined as the actions of a firm to benefit society beyond the requirements of the law and the direct interests of the firm
B. Seeks to serve society's interests by focusing on social, political and economic issues such as poverty, social justice, education, health and the environment
C. Can be defined as the system by which business corporations are directed and controlled
D. Can be defined as the development that meets humanity's needs without harming future generations

Answer 1

Answer: Option C

Step-by-step explanation: Corporate governance refers to the system by which the control is established in an corporate organisation. In simple words, it involves selection of the top managers, board of directors and auditors who are responsible for governing the organisation.

The selection of the above officers is done by the shareholders who decides which individual will best fit the role.

Hence from the above we can conclude that the correct option is C.