Corporate governance refers to the systems and processes that direct and control a company. It encompasses the relationships among the company's management, its board, its shareholders, and other stakeholders. Effective corporate governance helps ensure accountability, fairness, and transparency in a company's relationship with its stakeholders, which is crucial for maintaining investor confidence and promoting sustainable business practices. Good corporate governance is essential for the long-term success of a company. It involves establishing clear roles and responsibilities, ensuring compliance with laws and regulations, and fostering a culture of ethical behavior. By prioritizing corporate governance, organizations can mitigate risks and enhance their reputation in the marketplace.