What is Corporate governance?. Briefly explain why it is important to have a properly designed corporate governance framework

 therefore about what the board of a company does and how it sets the values of the company, and it is to be distinguished from the day to day operational management of the company by full-time executives.

 good governance can have wider impacts to the non listed sector because it is fundamentally about improving transparency and accountability within existing systems. One of the interesting developments in the last few years has been the way in which the ‘corporate’ governance label has been used to describe governance and accountability issues beyond the corporate sector. This can be confusing and misleading as UK Corporate Governance has been built and developed to deal with the governance of listed company entities and not designed to cover all organisational types that may have different accountability structures.

 

It's the system of rules, practices and processes by which a company directed and controlled. _It is essentially involving balancing the intrests of a company's many shareholders, management, customers suppliers and government and the community