Sample Essay

Corporate governance is important in decision making as it defines the roles of the board of directors, the employees and the different levels of the management. It provides the various responsibilities of the different tiers of the management which enable them to dictate how and what strategies can be implemented to increase the profitability and the presence of the business in the market.

The legacy strategies as a result have to be changed by incorporating the above mentioned strategies for business growth. The communication to the president about the change in the legacy strategies should be presented in such a manner which highlights the benefits available to the company through the adoption of the new strategies and how it will be advantageous for the company as well as its employees and the stakeholders if the new strategy were adopted.

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