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Corporate Governance refers to the system of rules, policies, structures, and processes through which organizations are directed, controlled, and held accountable to their stakeholders. It establishes the framework for balancing the interests of shareholders, management, employees, customers, government, and other stakeholders while ensuring ethical conduct, transparency, accountability, and responsible decision-making. Effective corporate governance promotes organizational integrity, minimizes risks, enhances investor confidence, and ensures compliance with legal and regulatory requirements. In modern organizations, strong corporate governance is essential for improving performance, protecting stakeholder interests, fostering sustainable growth, and maintaining long-term organizational success in an increasingly competitive and complex business environment.
This lecture is part of BUA 205 Foundation of Leadership and Governance in the Business Administration department. The course has 15 recorded lectures across 5 series, all free to watch. Read or download the BUA 205 lecture note to study alongside the video.