Corporate governance | Definition | What is Corporate governance?

Corporate governance refers to the set of processes, customs, policies and institutions that determines how decisions are taken in the organization. It determines the relationship that exist between corporate directors, manages, shareholders, employees, auditor, government and society at large. It is an important determinant of the work culture and work ethics that exist in a corporate organization. The core motive of corporate governance is to maximize profit for shareholders in a sustainable manner while operating within the bounds of law.