The board of directors, the audit committee, executives and
management are responsible for the corporate governance
environment in an organization. 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.
