Jade Molinyawe 03/09/2023

BSTM 3.2 A Ms. Sherome Yolangco

03 Review 2

Corporate Governance

Based on my Research, Corporate governance pertains to the

system of rules, practices, and processes by which a firm is directed
and controlled. It essentially involves balancing the interests of a
company's stakeholders, such as shareholders, management,
customers, suppliers, government, and the community. It is also
the system by which companies are directed and controlled.
Boards of directors are responsible for the governance of their
companies. The shareholders' role in governance is to appoint the
directors and the auditors and to satisfy themselves that an
appropriate governance structure is in place. The term corporate
governance refers to the checks and balances within an
organization, the rules, practices, and processes used to run a
company. A company's corporate governance establishes the
company's direction and business integrity, promotes financial
viability, and builds trust with investors and the community.
Corporate governance is based on a set of rules, bylaws, policies
and procedures to ensure company accountability. When done
correctly, it establishes a framework for attaining a company's
objectives in all spheres of management. It also recognizes the
importance of shareholders.