CORPORATE GOVERNANCE IN PUBLIC COMPANIES
Keywords:
administration, management, control, management bodies, corporate governance.Abstract
Corporate governance in public companies involves a set of rules by which operate internal organization of a public companies, election of directors and members of management bodies, supervision of the founder as the owner, a planning system, reporting and measurement of the achieved results of public companies with a goal to ensure transparency of their work. The concept of corporate governance is primarily linked to joint stock companies but it is essential to all businesses regardless of whether they are listed on a stock exchange or not.
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