What is corporate governance?

Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. Good corporate governance helps to ensure that a company operates in an ethical and responsible manner, and that its actions are in the best interests of its stakeholders. It also helps to enhance the company's long-term success and sustainability.