Corporate governance is about promoting corporate fairness, transparency, and accountability. Its purpose is to prevent one group from expropriating the cash flows and assets of one or more other groups.
Good corporate governance practices:
A. A system for monitoring managers' activities, rewarding performance, and disciplining misbehavior
A. Establish long-term strategic objectives for the company.
I. ensuring that the assets of the company are used in the best interest of investors and other stakeholders.
A. II and IV