Which of the following is TRUE regarding corporate governance?

 Definition of Corporate Governance:

Corporate governance establishes the framework for decision-making and accountability within an organization. It includes roles, rights, and responsibilities of stakeholders such as the board, management, and shareholders.

 Why D is Correct:

The governance structure formalizes the distribution of roles and ensures clarity in accountability and oversight.

 Why Other Options are Incorrect:

A:Fraud risk management supports governance but is not its foundation.

B:Governance encompasses more than financial reporting accuracy.

C:Governance practices are essential even when owners are setting strategy​​.