Introduction to Corporate Governance & Internal Control

Understanding Governance and Control

Corporate governance is the system of rules, practices, and processes by which an organization is directed and controlled. Internal control consists of policies and procedures designed to provide reasonable assurance that organizational objectives are achieved efficiently, assets are safeguarded, financial reporting is reliable, and laws and regulations are followed.

• Corporate governance establishes accountability and oversight.
• Internal controls help manage operational and financial risks.
• Both support ethical conduct and organizational sustainability.
• Strong governance improves stakeholder confidence.