Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government, and the community. The purpose of corporate governance is to ensure transparency, accountability, and fairness in the company's operations. This includes establishing clear roles and responsibilities for the board of directors, ensuring effective communication with shareholders, and maintaining ethical behavior and compliance with laws and regulations. Good corporate governance is essential for building trust and confidence in a company and ultimately, for its long-term success and sustainability.