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(a) Why is it important under good corporate governance principles that companies should accurately record and distribute information about their financial performance? (b) What could

(a) Why is it important under good corporate governance principles that companies should accurately record and distribute information about their financial performance?

(b) What could happen to a companys stakeholders if companies do not observe this principle?

Explain your answers. You must specify who the companys stakeholders are that could be affected. You may give examples from actual companies experiences in support of your answer.

(6 marks total)

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