Corporate Governance Framework
A corporate governance framework refers to the system of rules, practices, and processes by which a company is directed and controlled. It establishes the structure through which the objectives of the company are set, and the means of attaining those objectives and monitoring performance are determined. This framework typically involves defining the roles and responsibilities of the board of directors, management, shareholders, and other stakeholders, as well as outlining the processes for decision-making and accountability. The aim of a corporate governance framework is to promote transparency, integrity, and accountability within an organization, ultimately enhancing its long-term sustainability and value creation.