Development of Corporate Governance

Corporate governance refers to the system of rules, practices, and processes that guide and control the way a company operates and is managed. It encompasses the relationships between various stakeholders, including shareholders, management, and the board of directors. The purpose of corporate governance is to ensure transparency, accountability, and ethical conduct in all aspects of business operations. It establishes mechanisms for decision-making, risk management, and the protection of shareholders' rights. Effective corporate governance promotes investor confidence, attracts investment, and contributes to long-term sustainability and success. It also enhances corporate reputation and fosters a culture of integrity and responsible business practices.