What is corporate governance structure?

Corporate governance structure refers to the framework of rules, practices, and processes that guide how a company is directed and controlled. It encompasses the relationships among the stakeholders, including the board of directors, management, shareholders, and other parties involved. This structure establishes accountability, decision-making authority, and the distribution of rights and responsibilities, ultimately aiming to promote transparency, integrity, and long-term sustainability of the organization. Effective corporate governance is crucial for mitigating risks and enhancing the company's reputation and performance.