Which of the following refers to the system of governing an organization so that the interests of corporate owners are protected?

Group of answer choices

Quality circle

Corporate governance ISO certification

Open-book management

Balance scorecard

The correct answer is Corporate Governance.

Explanation:

The concept of corporate governance refers to the set of principles and norms that regulate the design, integration and operation of the company's governing bodies, such as the three powers within a company: Shareholders, Board of Directors and Senior Management. Good Corporate Governance provides incentives to protect the interests of the company and shareholders, monitor the creation of value and efficient use of resources by providing information transparency. "The important thing is to emphasize that corporate governance is not an individual instrument but rather a concept that includes the debate on the appropriate management and control structures of companies. It also includes the rules that regulate power relations between owners, the board of directors, administration and, last but not least, interested parties such as employees, suppliers, customers and the general public."