Corporate governance is the system of rules, practices, and processes that direct and control companies, centered around managing the relationship between the organization and its stakeholders. Stakeholders, including shareholders, the board of directors, management, employees, customers, and suppliers, have vested interests that influence and are affected by the company’s actions. Effective governance ensures transparency, accountability, and responsible business conduct, fostering equitable shareholder rights, board independence, and ethical policies for management and employees. It promotes open communication, protects shareholder interests, and aligns executive compensation with company performance. By implementing robust supply chain ethics and quality assurance, companies also uphold customer and supplier trust, contributing to operational excellence and sustained stakeholder confidence.