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Corporate affairs refers to the broad set of activities and responsibilities within a company that involve managing and maintaining relationships with various stakeholders, including employees, customers, investors, government bodies, and the public. It encompasses a range of functions aimed at ensuring the smooth operation of a business and its compliance with legal and regulatory requirements.

In simpler terms, corporate affairs involves everything a company does to build and maintain its reputation, handle public relations, comply with laws and regulations, and manage communication both internally and externally. This can include activities such as public relations, government affairs, corporate communication, investor relations, and community engagement.

Essentially, it's the way a company navigates its interactions with the outside world, ensuring transparency, ethical conduct, and a positive image while also aligning with the company's strategic goals.