Introduction to Business Governance

The video tutorial discusses corporate governance, focusing on the roles of shareholders, directors, and officers in managing a corporation. It explains the internal rules, such as bylaws and codes of ethics, and external pressures from state and federal laws that influence corporate governance. The tutorial highlights the importance of these rules and procedures in ensuring effective management and compliance with legal requirements.

What is the primary focus of corporate governance within a business entity?

• The role of suppliers

• The role of shareholders, directors, and officers

• The role of competitors

• The role of customers

Which documents are considered part of the internal rules of corporate governance?

• Financial statements

• Marketing strategies

• Bylaws and articles of incorporation

• Employee handbooks

What do codes of ethics and procedural rules help establish within a corporation?

• Product innovation

• Customer satisfaction

• Operational guidelines

• Market dominance

Which laws primarily govern the external pressures on corporate governance?

• International trade laws

• State and federal laws

• Labor laws

• Environmental laws

What is one of the federal law requirements mentioned in the context of corporate governance?

• Employee training programs

• Consumer disclosure requirements

• Product pricing strategies

• Market research