Corporate governance meaning and importance

What is corporate governance and why it is important?
The purpose of corporate governance is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company.
Corporate governance is the system by which companies are directed and controlled.
Boards of directors are responsible for the governance of their companies..
Governance helps you to always act in the best interests of the business.
More specifically, it can improve the performance of your business, help it become more stable and productive, and unlock new opportunities.
It can reduce risks, and enable faster and safer growth.
It can also improve reputation and foster trust.
It determines the rights and responsibilities of all active agents within an organization, attracting talent and financial capital, boosting internal efficiency, and providing economic value to stakeholders long-term._{Jun 4, 2020}

Corporate governance is a key area of corporate law. It involves the standards of conduct and procedures for managing a firm. It provides the legal framework for efficient operation and maximum shareholder value. A well-designed system leads to a robust environment that allows companies to flourish.

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Corporate governance meaning and importance

What is corporate governance and why it is important?