Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled. It involves the relationships among the various stakeholders, including the board of directors, management, shareholders, and other parties. Effective corporate governance ensures that a company operates in a transparent and accountable manner, aligning the interests of all stakeholders. Good corporate governance practices help to mitigate risks, enhance performance, and foster trust in the organization. This includes establishing clear roles and responsibilities, maintaining ethical standards, and ensuring compliance with laws and regulations. Ultimately, strong corporate governance contributes to the long-term sustainability and success of a company.