Explain why an economys income must equalits expenditure.
Corporate Finance for CFA Session 06 1 The Corporate Governance of Listed Companies: A Manual for Investors Master 1 AFI/CFA Skema Business School Professeur Sébastien DEREEPER LOS.a : Define corporate governance. 2 Corporate governance is the set of internal controls, processes, and procedures by which firms are managed. Good corporate governance practices ensure that the board of directors is independent of management and that the firm and its managers act lawfully, ethically, and in the interests of shareholders. LOS.b : Describe practices related to board and committee independence, experience, compensation, external consultants, and frequency of elections,