Why governance is an important element for bcm

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Reference no: EM132393806

Corporate governance implies that the leaders as identified above have a legal and ethical duty to properly govern the affairs of a company and to protect and preserve its well-being, assets, and ongoing success. Such leaders have an obligation to perform such duties in good faith and in a manner that is in the best interests of the company. They have an obligation to exercise good judgment and to make necessary inquiries about the reasonableness of any decisions, actions and activities of the company. This implies that such leaders are fully informed about the subjects involving their business judgment.

Explain why governance is an important element for BCM and why BCM is an important part of governance.

Reference no: EM132393806

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