Questions and Answers - Get Expert Answers to Your Queries

Answer:-

Corporate governance is the framework of rules, practices, and processes by which a company is directed and controlled. It ensures accountability, fairness, and transparency in decision-making, safeguarding the interests of all stakeholders—shareholders, employees, customers, and the broader community. Effective corporate governance promotes ethical conduct, risk management, and long-term sustainability. It involves the structuring of boards, defining roles and responsibilities, and establishing mechanisms for shareholders' input. Ultimately, strong corporate governance fosters trust, enhances corporate reputation, and contributes to the overall success and stability of an organization in today's dynamic business environment.