what does corporate, governance and Ethics means
Question
what does corporate, governance and Ethics means
Solution
Corporate, Governance, and Ethics are three different terms often used in the business world.
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Corporate: This term refers to the organized body of workers in a company or organization. It's related to corporations, which are large companies or groups of companies authorized to act as a single entity and recognized as such in law.
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Governance: This term refers to the way in which a company or organization is controlled or managed. In a business context, governance often refers to the structure and processes for the direction and control of companies. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community.
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Ethics: This term refers to moral principles that govern a person's or group's behavior. In a business context, ethics might refer to a code of conduct or set of moral guidelines that dictate what is "right" or "wrong" in an organization. Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment.
So, when these terms are combined as "corporate governance and ethics," it generally refers to the system of rules, practices, and processes by which a company is directed and controlled, in a manner that is morally right and just.
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