Executive leaders are responsible for setting the strategic direction of the organization, making high-level decisions, and ensuring the organization's long-term success.

Sustainability is not a key element of corporate governance, although it is an important consideration for many organizations.

Effective leadership contributes to organizational performance by increasing employee engagement and motivation, improving decision-making and strategic planning, and fostering a culture of innovation and creativity.

The board of directors is responsible for overseeing the management of the organization, ensuring its financial stability, and representing the interests of shareholders.

Strong corporate governance does not directly reduce the risk of fraud and misconduct, although it can help to mitigate these risks.

Executive leaders can promote ethical behavior within an organization by setting a clear code of conduct, leading by example, and creating a culture of accountability.

Independent directors play a crucial role in corporate governance by providing objective oversight of the organization, representing the interests of minority shareholders, and ensuring the organization's compliance with regulatory requirements.

Effective leadership contributes to organizational resilience by fostering a culture of adaptability and innovation, promoting effective risk management practices, and building strong relationships with stakeholders.

Hiring and firing employees is typically not a responsibility of executive leaders, although they may be involved in the process.

Executive leaders can create a culture of innovation within an organization by encouraging employees to take risks and experiment, providing resources for research and development, and celebrating and rewarding innovation.

Corporate governance serves multiple purposes, including ensuring the organization's compliance with regulatory requirements, protecting the interests of shareholders, and promoting ethical behavior within the organization.

Effective leadership contributes to organizational sustainability by promoting environmentally friendly practices, fostering a culture of social responsibility, and ensuring the organization's long-term viability.

Suppliers are not typically considered key stakeholders in corporate governance.

Executive leaders can promote diversity and inclusion within an organization by setting clear policies and procedures, creating a welcoming and inclusive culture, and providing training and development opportunities for all employees.

Internal audit plays a crucial role in corporate governance by providing independent assurance on the organization's financial statements, reviewing the organization's internal controls, and investigating fraud and misconduct.