The purpose of corporate governance structures is to determine the relationship between the board of directors, the shareholders, and the executives of a firm.
Corporate governance refers to the leadership structure of a company and how the leadership will relate with each other in terms of hierarchy.
This means that the relationship between the shareholders, their representatives on the board of directors, and the executives of a firm are determined by this structure.
In conclusion, Corporate governance structures usually determine the relationship between the board of directors, the shareholders, and the executives of a firm
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