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Question 1 A company exists as a legal person, in reality it is the organised, collective effort of many different individuals. 'Corporate governance is the

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Question 1 A company exists as a legal person, in reality it is the organised, collective effort of many different individuals. 'Corporate governance is the system by which organisations are directed and controlled'. (Cadbury Report, 1992) Discuss FOUR (4) importance of corporate governance. State FOUR (4) features of poor governance with an example of a case. [20 Marks)

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