What is Corporate Governance?
Corporate governance refers to the set of principles, policies, and practices that guide the direction, control, and management of a company. It encompasses the relationships and responsibilities among various stakeholders, including shareholders, management, board of directors, employees, customers, suppliers, and the broader community. The fundamental objective of corporate governance is to ensure transparency, accountability, fairness, and ethical conduct within the organization. By establishing robust governance structures and processes, companies aim to protect the interests of stakeholders and foster sustainable long-term growth. Effective corporate governance cultivates trust, mitigates risks, enhances decision-making, and promotes a culture of responsible business practices.
Table of Content
- Concept of Corporate Governance
- Definition of Corporate Governance
- Significance of Corporate Governance
- Principles of Corporate Governance
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