Question

Why is corporate governance important in organisation?

Answer 1

Corporate governance makes companies more accountable and transparent to investors and gives them the tools to respond to legitimate stakeholder concerns such as sustainable environmental and social development. It contributes to development and increased access to capital encourages new investments, boosts economic growth, and provides employment opportunities.

Answer 2

Corporate governance is introduced to increase the accountability of company or business establishment and to avoid massive disasters or fruads before they occur. ... Better corporate governance ensures corporate success and better economic growth.