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This is general question! please refer to notes and lectures on this site
I think watching the video lecture keeping the Opentuition notes in front of you will really help! Heres the link to the relevant lecture:
https://opentuition.com/acca/f4/chapter-15-company-law-corporate-governance/Corporate governance is such a big area and your question is so wide that I really do not want to start a written lecture on the topic. May I suggest that you read the appropriate chapter in the study text and even check out the relevant qs and answers from the revision kit
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