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Essay text:
Introduction
Stakeholders are those individuals or groups who depend on an organization to fufil their own goals and on whom, in turn, the organization depends.
2. Corporate Governance
Corporate governance is concerned with the structures and systems of control by which managers are held accountable to those who have a legitimate stake in an organization. There are three main reasons:
• The separation of ownership and management control of organizations
• Corporate scandals
• Increased accountability to wider stakeholder interests
4 The governance chain
The governance chain illuminates the roles and relationships of different groups involved in the governance of an organization...
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