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What is Governance?

Governance is a system for directing and controlling an organization. It includes set of rules, processes, practises established to evaluate the options, needs, conditions of the stakeholders such as Management, Suppliers, financiers, customers, etc. It also includes framework for attaining the established goals of an organization, alongside achieving a balance between the goals of organization and interests of the stakeholders. It aims to protect the interests of the organization by protecting assets of the organization, and the interests of the creditors, customers.

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