Corporate governance consists of the structures and processes used to control and manage a company.
Good corporate governance helps businesses operate more efficiently, attract capital, prevent corruption and mismanagement, and improve their relationships with interested parties. It also contributes to defining responsibilities, encouraging transparency within a company, and strengthening investor confidence.
There is no one single corporate governance model that works for all companies. However, the IIC breaks corporate governance down into five aspects to make it easier to set goals, identify the areas that need attention, and define the components of the action plans proposed by companies.