Corporate governance is the strategic framework of rules, practices, and processes by which a company is managed and regulated.
It entails balancing the concerns of various stakeholders in a company, such as shareholders, senior management, suppliers, financiers, the government, customers, and the community.
At its core, it ensures accountability, fairness, and transparency in a company's relationship with its stakeholders.
Effective governance mitigates risk, prevents corporate scandals, and fosters long-term institutional integrity, ultimately driving sustainable economic growth and investor confidence.