Which ONE of the following most accurately describes corporate governance?
A . It is a code of best practice which instructs directors of listed companies how to maximise profits for the benefit of shareholders
B . It is a body of law, morals and ethics designed to ensure that the shareholders of listed companies are treated fairly by the board
C . It is the body of rules and ethics primarily concerned with the effective control, business efficacy and accountability of the management of public-listed companies for the benefit of stakeholders
D . It is the set of rules contained in the constitution of listed companies which governs the relationship between the board and the shareholders
Answer: C