5.3 Objectives of Corporate Governance System

The system's purposes (the exam's list): (1) the investors'-and-creditors' confidence (the capital's attraction-and-cost — the "well-governed is cheaply-financed" thesis); (2) the accountability's discipline (the power's answer to the owners-and-law); (3) the minority's- and-stakeholders' fairness (Unit 4's protections systematised); (4) the boards' effectiveness (the informed-and-independent direction); (5) the transparency's culture (the disclosure's truth — Unit 3's faces); (6) the fraud-and-failure's prevention (the Enron-era's-and-the Nepali scandals' lessons); and (7) the sustainable-and-ethical performance (the long-term's-company — the CSR bridge of 5.8 onward).