Corporate Governance and its need in an organization

What do you understand by the term “Corporate Governance”?

Corporate Governance refers to a set of norms, laws and processes that are followed by a corporate organization. It promotes transparency and accountability in an organization.

What is the need of Corporate Governance in an organization ?

Corporate Governance affects the way a company is being administered. It is important to tackle:

- wrong business practices
- lack of transparency
- lack of concern for small investors
- incompetent management