Corporate governance provides a framework of systems, processes and guiding principles within anorganisationto ensure that organisation is governed to the highest possible standard thus protecting all stakeholders . In companies with strong corporate governance all manner of business transactions are conducted under the guiding principles of integrity, fairness, transparency, compliance, accountability. These principles are foundation stones good of corporate governance.
Organisations where corporate governance is part of the culture have a distinct advantage in the marketplace as it gives confidence to investors, customers and the business community that this organisation conducts its business in an ethical manner and ‘what you see is exactly what you get’
The UK Code of Corporate Governance is available here