How to make polenta from plain old cornmealâand why you might want to hold out for the real deal. A few nights ago I found myself standing in the bulk section of my grocery store, staring blankly at a bin of cornmeal. I had come in search of polenta, which I had planned to make for dinner.
The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company.Corporate governance is the system by which companies are directed and controlled.Boards of directors are responsible for the governance of their companies. The shareholdersâ role in governance is to appoint the directors and the auditors and to satisfy themselves that an appropriate governance structure is in place.he purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company.
Thus, the corporate governance of banks and other financial intermediaries is crucial for shaping capital allocation at the firm level and at the country level. Nevertheless, the financial sector has generally received far less attention in the corporate governance literature than seems warranted by their central role in a nationâs corporate governance system. To correct this imbalance, this paper uses standard theories of corporate governance to highlight the special problems facing corporate governance of financial intermediaries and combines this theoretical perspective with international observations to make policy recommendations. Standard agency theory defines the corporate governance problem in terms how equity and debt holders influence managers to act in the best interests of the providers of capital.