Question

Explain your opinion on Corporate Governance?

Answer 1

Ans:- Corporate Governance is a set of norms, processes, and laws through which a company or firm is regulated or controlled directly or indirectly. That is known as corporate governance. In other words, corporate governance is a set of protocols through which an organization is regulated and businesses are operated. one of the main objectives of corporate governance is to safeguard the interest of the internal as well as external shareholders i.e employees, customers, suppliers, creditors and every entity who is directly or indirectly involved within the interest of the company.

The framework of corporate governance is being designed and implemented by the top-level management i.e board of directors mostly. Corporate governance basically aligns with the vision and goals of the company. Basically it provides the guidelines which give the direction in which the company should go to achieve its goals. corporate governance guidelines can include dividend policies, performance measurement, disclosure norms, etc.

Good corporate governance makes a healthy environment in the company which works for the benefits of everyone and safeguards the interest of every concerned person who is directly or indirectly involved with the company. The companies which follow good corporate governance have a high success rate.