What is Corporate Governance?

We have a broad and global approach to corporate governance. Hence, the Institute defines corporate governance as a system by which corporate entities are directed and controlled so as to ensure corporate value creation through equitable, accountable, responsible and transparent generation, distribution and protection of the rights, interests and wealth of stakeholders and the corporate entity. The corporate governance structure specifies the distribution of rights and responsibilities among different stakeholders in a business concern such as the board of directors, management, shareholders.

(investors), employees, regulators, suppliers, partners, customers and the general community. A sound corporate governance structure promotes fairness, transparency and accountability – it is about commitment to values, about ethical business conduct and about making a distinction between personal and corporate interest in the management of firms and national economies. The reward for good corporate governance framework is prosperity of businesses – firms and national economies.