Corporate governance systems can be defined as the systems that control and direct a firm. Boards of directors will oversee public firms to ensure that management is operating in the company’s best interests. SHRM (strategic human resource management) is founded on the idea that human resource decisions should be in line with the company’s strategy.
It establishes the terms and conditions for the legal distribution of property rights among the various stakeholder groups, which influences their incentives and, as a result, their desire to collaborate in productive activities.
Also, See: Grievance
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