Answer to Question #186189 in Law for Bornface Kandunda

Question #186189

The King IV report lists five (5) general principles of good corporate governance. In your opinion, which is the most important of these principles? Provide a brief explanation of this principle (using your own words) and give an example.


1
Expert's answer
2021-05-07T11:48:01-0400

The most important of the principles is transparency. A principle of good governance ensures that stakeholders are up-to-date with the company’s activities, such as what it plans to do in the future or any risks involved in the business strategies.


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