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The main players in corporate governance include sharehol auditors. True False

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The main players in corporate governance include sharehol
auditors.
True
False

The main players in corporate governance include sharehol auditors. True False

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NancyMaster · Tutor for 5 years

Answer

True

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## Step1:<br />To answer this question, we start with knowing more about corporate governance. Corporate governance comprises all the rules, practices, processes, and the laws that direct and control a corporation. Among crucial roles in corporate governance are shareholders and auditors, along with others such as directors, managers, employees, and other stakeholders. <br /><br />## Step2:<br />Examining the statement, "The main players in corporate governance include shareholders and auditors." Here, shareholders refer to persons or organizations owning stocks, or, in other words, they are holders of partial ownership or equity in a corporation. They usually have, among others, the power to elect and replace the corporation’s board of directors.<br /><br />## Step3:<br />On the fingers of respective auditors, these are independent external professionals assigned to review a company's financial records and operations to ensure accuracy. Audits aim to prevent fraudulent activities, create accurate financial reporting and offer an unbiased viewpoint on the company's financial state. <br /><br />## Step4:<br />Applying this understanding to the statement in the sentence we can understand it is true. There fee, for sure, shareholders and auditors considered fundamental players or actors in corporate governance. But is important to keep in mind - they aren’t the only actors; other stakeholders such as the board of directors, management or even government have significant roles in it too.
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