Define corporate governance and explain why it is used to monitor and Essay

Define corporate governance and explain why it is used to monitor and control managers strategic decisions - Essay ExampleTherefore, since the corporate governance encompasses totally the management spheres of the company, it forms the vital tool in monitoring and controlling all the strategic decisions of the companys managers.From the above definition of the corporate governance, it is clear that it governance both internal and extraneous factors driving the trading operations of a company. It is usually the responsibility of the entire management to understand and determine how to balance between the external and internal factors disturbing a company (Joshi 46) hence, under the umbrella of corporate governance, the management of the company is assailable of determining what affects both the external and internal player of the company. For instance, quality of a product will affect the response of the consumers. In this case, the quality of the product is manly affected by lax ity of the internal factors scarcely may also be attributed by external factors (suppliers supply poor quality of raw material). However, the firm issue lies with internal quality management that could have detected the quality of the raw material and spurned the same due to poor quality (Fernando 72). Nonetheless, the corporate governance forms a vital management human face of a company and every aspect of corporate governance must be considered effective to cover smooth and efficient company