Corporate Governance refers to the process by which organisations are directed, controlled, and held accountable, underpinned by the principles of openness, integrity, and accountability.

ii) Principles of Corporate Governance include:

• Standards of Behaviour: Leadership, codes of conduct, objectivity, integrity, and honesty.
• Organisational Structures and Processes: Compliance with legal rules, safeguarding assets, and ensuring clear communication with stakeholders.
• Control: Establishing effective systems of risk management, internal audit, and review of internal controls.
• External Reporting. Need for responsibility accounting, that is, responsibility for approval of
  budget, authorization of use of funds, maintenance of effective framework of
  control;