Corporate governance is the system of rules, policies, practices, processes and above all principles by which a Company is directed and controlled. While acknowledging the primacy of the shareholders, corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, customers, suppliers, financiers, the government, and the community. The basic principles of corporate governance are accountability, transparency, fairness, and responsibility. Good corporate governance helps to build an environment of trust, transparency and accountability necessary for fostering long-term investment, financial stability and business integrity, ethical behaviour thereby supporting stronger growth and more inclusive societies.