What is the meaning of Corporate Governance?

Corporate governance-

“Corporate governance is about maintaining an appropriate balance of accountability between three key players-

• the corporation’s owners
• the directors whom the owners elect and
• the managers whom the directors selects.

Accountability requires not only good transparency, but also an effective measns to take action for poor performance of bad decision.

It is about commitment to values and ethical business conduct. Ti is about how an organization is managed.