Corporate finance:

Good corporate governance creates value by concentrating all the power -in a company in the hands of the CEO, with limited oversight so as to not distract the CEO with reporting* duties, and by disregarding stakeholders. The goal should always be short term stock price maximization. please discuss this state.

Corporate governance are always intended to ensure maintenance of all such practices which are trying to protect interest of various stakeholders of the organisation and it is also trying to accept projects and carry out business in such a manner which will be according to the compliance management and it is always in the best interest of the company from the long-term perspective because it will maximize the sustainability of the company in the long run.

I DO NOT AGREE WITH THIS STATEMENT because corporate governance should be followed in order to enhance the high degree of ethical management into the company and protect the interest of stakeholders in the long run and ensure the sustainability of survival of the company by following with the compliances and it is not about concentration of power in the hands of the chief executive officer because he will have to act through the long-term perspective and maintain the corporate worth of the company in the long run.