Corporate governance refers to the system of rules, practices, and processes by which a company is directed and controlled. It involves the relationships among the key stakeholders in a company, including the board of directors, management, shareholders, and other stakeholders. The primary goal of corporate governance is to ensure accountability, fairness, and transparency in a company’s relationship with its stakeholders. This includes balancing the interests of the various stakeholders, providing oversight of management’s performance, and ensuring compliance with laws and ethical standards. Good corporate governance helps to build trust and confidence in the integrity of the organization, which can lead to better decision-making and ultimately contribute to the long-term success of the company.
Norinchukin Bank faces a severe crisis due to misjudged foreign bond investments resulting in a 1.4 trillion yen deficit. The bank's president plans to resign, prompting leadership changes and a…