Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community. Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.
The 3 key areas of focus will be:
1. Board leadership and effectiveness
2. Effective audit and risk management framework
3. Integrity in corporate reporting and meaningful relationships with stakeholders.
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