The board of directors, the audit committee, executives and
management are responsible for the corporate governance
environment in an organization. a An effective orporate governance
environment will, in the long run, serve to protect investors, create
shareholder value, restore investor confidence, and support strong
and efficient capital markets. A good corporate governance
environment will set the “tone at the top” by creating a culture of
honesty and integrity
What essential components of corporate governance according to
stakeholder and agency theories have you experienced in the
workplace; were they positive or negative effects on the ethical
climate? If you have not experienced corporate governance
personally in a professional environment, speculate as to what the
essential components of corporate governance are in the professional
environment and how they affect the ethical climate.
