- This topic has 1 reply, 2 voices, and was last updated 1 year ago by .
- You must be logged in to reply to this topic.
PQ Awards Nominations
Please help us to win one of the PQ Magazine awards and send in the voting form >>
You can nominate us in any or all of the following categories: Online College of the Year, Study Resource of the Year, Private Sector Lecturer of the Year, and Accountancy Personality of the Year.
Specially for OpenTuition students: 20% off BPP Books for ACCA & CIMA exams – Get your BPP Discount Code >>
Hi, I read this sentence “Corporate governance is important in all but the smallest organization” in textbook. May I know does this means Corporate governance is important including the smallest organization?
It means that in very small organisations there is not usually a governance problem because the owners are also the directors/managers.
When organisations grow and owners and directors are not the same people then governance problems arise because the directors might act in their own best interests rather than in the best interests of the owners.