Corporate governance is about doing the right thing at work and is an integral component of professional responsibility at all levels of a company. It first developed as a set of rules that defines the relationship and balances the interests of the shareholders who are the owners of a corporation and those who exercise control over it: the board of directors and management. Corporate Governance has nonetheless evolved to mean responsibility, not just to shareholders, but also to all other stakeholders of a company.

It refers to transparency, openness, and effective oversight in order to achieve the company goals and objectives while ensuring compliance.