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hi everybody this week we will be looking at corporate governance in organizations so over the previous weeks since in the semester we looked at business level strategies which dealt primarily with cost on differentiation strategies then well cut corporate level strategies which include vertical integration diversification mergers and acquisitions and strategic alliances we are now going to look at how the overall organization is run and the factors on the management that affect the firms overall strategy and this is the topic corporate governance so first we are going to look at what corporate governance really is it is a set of mechanisms used to manage the relationship among stakeholders and to determine and control the strategic direction and performance of organizations it identifies ways to ensure that strategic decisions are made effectively and it establishes harmony between the firms owners and its top-level managers whose interests may conflict it also ensures that the in