CHAPTER 3

Legal and Advisory Function

Introduction

Legal and advisory function is an important aspect of an effective corporate governance in ensuring that organizations are receiving relevant and reliable legal and financial advice from their legal counsel and financial advisers. The legal and financial advisory function enables compliance with all applicable laws, rules, regulations, and standards as well as the achievement of sound and sustainable financial decisions. The advisory function of corporate governance is important in evaluating the legal, financial, and tax consequences of business transactions. Professional advisers participate in corporate governance by providing advisory services to the company’s board of directors and management. ...

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