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The collection of processes, mechanisms and relations that help to control and operate corporations is referred to as corporate governance. The principles and structures of governance focus on the identification of the distribution of rights and responsibilities among various participants in a corporation. A few of such participants are managers, directors, stakeholders, auditors, regulators and creditors. It also includes the procedures and rules for making decisions in corporate affairs. Corporate governance also plays an integral role in handling the conflicts between shareholders and upper management. The different models in corporate governance are divided into market-oriented and network-oriented models. This book brings forth some of the most innovative concepts and elucidates the unexplored aspects of corporate governance. It presents this complex subject in the most comprehensible and easy to understand language. The extensive content of this book provides the readers with a thorough understanding of the subject.
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