Overview
Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. This framework of rules and practices ensures that companies are run in a responsible and ethical manner, with the goal of maximizing shareholder value while also considering the interests of other stakeholders. Effective corporate governance is essential for building trust and confidence among investors, customers, and the wider community. With the rise of sustainability and ESG considerations, corporate governance has become an increasingly important aspect of business operations, with companies like Patagonia and Unilever leading the way in implementing sustainable and responsible practices.