CORPORATE GOVERNANCE: A CRITICAL FRAMEWORK TO FOSTER TRUST, TRANSPARENCY, ACCOUNTABILITY, FAIRNESS, AND STAKEHOLDER PROTECTION

Abstract

Corporate governance is a vital framework that governs the
direction and control of a company, influencing its success,
sustainability, and reputation. This paper explores the pillars
of
effective corporate governance, emphasizing the
significance of transparency, accountability, fairness, and
stakeholder protection. It delves into the multifaceted nature
of corporate governance, outlining its role in decision
making, risk management, ethical behavior, and long-term
value creation. The study underscores how strong
governance structures contribute to financial performance,
stakeholder trust, and adaptability in the face of challenges.
Additionally, it emphasizes the critical role of accountability,
transparency, and a well-functioning board of directors in
fostering a positive corporate culture and maintaining
stakeholder confidence. The paper concludes by highlighting
the interconnected nature of accountability and transparency
as fundamental principles in effective corporate governance,
crucial for building trust and ensuring long-term
organizational success.