ELI5: Explain Like I'm 5

Corporate governance

Corporate governance is the way a company is run. It's like a set of rules that everyone in the company follows. The rules help make sure the company is being run in a way that is fair for everyone involved - which includes customers, employees, investors, and the broader community. It also sets out how decisions are made and who is responsible for what. Good corporate governance helps make sure the company is doing things in a way that is good for everyone and helps the company stay successful.