Definition
Corporate governance is the framework of rules, relationships, and processes through which a company is directed and controlled to ensure fairness, accountability, and transparency toward all stakeholders.

Introduction
Corporate governance acts as a moral compass for modern organizations. It balances power between shareholders, management, and society, preventing misuse of authority and aligning business conduct with ethical duty.

Explanation
1️⃣ Accountability – Management must justify its actions to shareholders.
2️⃣ Transparency – Open and accurate disclosure of information builds trust.
3️⃣ Responsibility – Directors owe duties to both owners and society.
4️⃣ Fairness – All stakeholders deserve equal treatment.
5️⃣ Independence – Decision-making must remain free from conflicts of interest.

Key Takeaways

Governance is ethics institutionalized.

Strong boards protect investors and reputation.

Transparency is the heart of trust.

Real-World Case
Infosys Ltd. built its brand on exemplary governance—independent directors, detailed disclosures, and whistle-blower mechanisms.
Reference: https://www.infosys.com