One of the OECD (2004) principles of corporate governance is that:
“The corporate governance framework should ensure the strategic guidance of the company, the effective monitoring of management by the board, and the board's accountability to the company and the shareholders.”
This chapter examines this principle in some depth.
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References
OECD (2004). OECD Principles of Corporate Governance. Paris: OECD
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McGee, R.W. (2008). The Responsibility of the Board. In: McGee, R.W. (eds) Corporate Governance in Transition Economies. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-84831-0_6
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DOI: https://doi.org/10.1007/978-0-387-84831-0_6
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