Corporate governance means the process and structure used to direct and manage the business and affairs of a financial institution with the objective of ensuring its safety and soundness and enhancing shareholder value and shall cover the overall environment in which the financial institution operates comprising a system of checks and balances which promotes a healthy balancing of risk and return. Corporate governance is the structure which directs and regulates business corporations. The structure of corporate governance specifies the distribution of rights and responsibilities among corporate participants e.g. the board, managers, shareholders and other stakeholders.

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