- CFA Exams
- 2023 Level I
- Topic 4. Corporate Issuers
- Learning Module 29. Introduction to Corporate Governance and Other ESG Considerations
- Subject 7. Corporate Governance and Stakeholder Management Risks and Benefits
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Subject 7. Corporate Governance and Stakeholder Management Risks and Benefits PDF Download
From a corporation's perspective, risks of poor governance include:
- weak control systems or inefficient monitoring tools;
- ineffective decision making;
- legal, regulatory, and reputational risks;
- default and bankruptcy risks.
Benefits of effective governance and stakeholder management include:
- better operational efficiency and control brought by effective monitoring tools and control mechanisms;
- better operating and financial performance;
- lower default risk and cost of debt.
Learning Outcome Statements
describe both the potential risks of poor corporate governance and stakeholder management and the benefits from effective corporate governance and stakeholder management;CFA® 2023 Level I Curriculum, Volume 3, Module 29
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