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Essay text:
In order to protect the stakeholders of an organisation, regulators addressed the problem by introducing corporate governance frameworks that managers had to follow. Below are the Principles of corporate governance:
i. “ The corporate governance framework should protect shareholders’ rights
ii. The corporate governance framework should ensure the equitable treatment of all shareholders, including minority and foreign shareholders. All shareholders should have the opportunity to obtain effective redress for violation of their rights.
iii. The corporate governance framework should recognise the rights of stakeholders established by law or through mutual agreements and encourage active co-operation between corporations and stakeholders in creating wealth, jobs, and the sustainability of financially sound enterprises...
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