Risk Management in Corporate Governance:

Corporate governance can be described as the control system that is designed for the purpose of evaluating the company's operations and the potential conflicts of interests between various stakeholders of the organization. The achievement of the significant goals of corporate governance requires the use of a board of directors as one of the vital mechanisms. The board of directors plays a critical role in corporate governance because their main role is to represent the interests of the stakeholders of the organization. Moreover, the main objective of the board of directors is to capitalize on the value of the company or the value of the company's shares. For these board directors, effective risk management is crucial regardless of whether the company is in the main market, second tier market, or other markets. Therefore, risk management is regarded as a relevant aspect for all parties in the...
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