The term "corporate governance" describes the methods used to run a firm. It's the method used to manage and control organizations. It involves managing the company according to the wishes of the stakeholders. In reality, it is carried out for the benefit of the company's stakeholders by the board of directors and the relevant committees. It is all about balancing individual and societal goals, as well as, economic and social goals. Transparency is ensured by corporate governance, and transparency promotes powerful and balanced economic development. Corporate governance refers to the interaction between a company's shareholders, management, and board of directors in deciding the course and performance of the business. There must be harmony within a company between the owners and the administration. Owners are required to verify that each employee's actual performance satisfies the expected performance. It is important to consider these aspects of corporate governance. The practice of exercising authority over a family, tribe, formal or informal organization, territory, or both by general laws, customs, or power is referred to as "government," whether it be through a market, network, or government. It involves communication and the process of making decisions. In the context of a business organization, "government" refers to a set of procedures set forth and carried out by the Board of Directors, which are represented in the structure of the organization and in the way it is run in order to accomplish objectives. "Corporate Governance" became well-known in the business world following the discovery of accounting fraud at well-known corporations, which was brought on by insufficient governance measures. The discipline of corporate governance is centered on effective strategic decision-making. All responsibility and ultimate authority are given to the Board of Directors. Today's market-driven economy necessitates corporate governance. Another two key factors influencing corporate governance are globalization and efficiency. Corporate governance is essential for providing stakeholders with extra value.