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Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It essentially involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. This framework ensures accountability, fairness, and transparency in a company's relationship with all its stakeholders.
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Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled.
This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.