Question: Explain, in your own words, the relationship between the shareholders of a company and the board of directors. (5) One definition of corporate governance is

Explain, in your own words, the relationship between the shareholders of a company and the board of directors. (5)

One definition of corporate governance is the system by which companies are directed and controlled. Briefly explain where the mandate of a board to govern an organisation comes from or originate and also indicate how the board goes about the process of directing and controlling the company.(10)

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