Q.Define Corporate governance.

Corporate governance is the system of rules and processes by which a company is directed and controlled to safeguard the interests of all stakeholders.

Corporate governance refers to the way a company is directed, controlled and administered. It is the framework of rules, practices, systems and processes through which the board of directors and management run the company responsibly.

Meaning and purpose:

• It ensures accountability, fairness and transparency in a company's dealings.
• It balances and protects the interests of all stakeholders — shareholders, employees, customers, creditors, government and society at large. …