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Why does the presence of a capitalist system affect a nation’s perspective on corporate governance? Corporate governance has become an issue of concern not only for U.S. corporations, but also for...

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Why does the presence of a capitalist system affect a nation’s perspective on corporate governance?

Corporate governance has become an issue of concern not only for U.S. corporations, but also for corporate entities around the world. With the globalization of business, a corporation’s bad acts (or lack of control systems) can have far-reaching consequences. Different models of corporate governance exist, often depending on the degree of capitalism in the particular nation. In the United States, corporate governance tends to give priority to shareholders’ interests. This approach encourages significant innovation and cost and quality competition. In contrast, the coordinated model of governance that prevails in continental Europe and Japan considers the interests of so-called stakeholders— employees, managers, suppliers, customers, and the community—to be a priority.

Answered Same Day Dec 22, 2021

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David answered on Dec 22 2021
114 Votes
Why does the presence of a capitalist system affect a nation’s perspective on corporate
governance?
A system of practices, rules and processes by which a business is regulated and looked after
is called corporate governance. It generally involves balancing the interests of a business
stakeholders, like customers, suppliers, directors, community and staff. The presence of
capitalist system which refers to an economic system in which private individuals or
usinesses looks after investment in and means of production, distribution, and exchanges of
money as well as wealth, in contrast to state influence a nation’s perspective on corporate
governance because a capitalist system believe in innovation and cost and quality
competition. In a capitalist system large business houses operates while a corporate...
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