Corporate governance encompasses the methods through which a company's objectives are defined and implemented in the overall context of the social, regulatory, and market environment.
Corporate governance relates to how and for what purpose firms are governed. It establishes who has power and accountability, as well as who makes decisions. It is, in essence, a toolkit that empowers executives and board members to deal with the issues of running a business more successfully.

Corporate governance ensures that organisations have adequate decision-making procedures and controls in place to balance the interests of all stakeholders such as shareholders, employees, suppliers, customers, and the community. This fulfills the requirements of transparency, and fairness in operations and allows the display of proper disclosures. With companies gaining increasing popularity as a form of business, corporate governance has become the need of the hour today. Institutions such as SEBI and listing agreements of various stock exchanges need companies to comply with the requirements of corporate governance. 

A toolkit that empowers executives and board members to deal with the issues of running a business more successfully.