Question

The main principle behind corporate governance is that the ultimate power to make decisions resides in the hands of _______________________.

Answer 1

Board Members

Step-by-step explanation:

The Board Members are appointed as Stewards for the company by the owners (shareholders). They have a sole role of making sure that the shareholders get a favorable return on their capital with out upsetting the triple bottom line that is People, Profit and Planet (Environment).

Corporate Governance established through regulations or other codes of such as the King IV ensure that each and every board member exercise their required expertise to the benefit of the Company.