Corporate governance

Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It encompasses the mechanisms through which companies, and their management, are held accountable to stakeholders including shareholders, employees, customers, and the community at large. Effective corporate governance ensures transparency, fairness, and accountability in a company's relationship with its stakeholders, fostering trust and long-term success. It includes board composition, executive compensation, internal controls, and risk management. By adhering to robust corporate governance principles, companies can enhance their resilience and growth prospects in today’s highly competitive and regulated business environment.