This article explores the multifaceted landscape of corporate governance within the global context, delving into its evolution, theories, and practical implications. Emphasizing its pivotal role in driving organizational performance, fostering accountability, and promoting ethical conduct, the discussion traverses diverse perspectives from finance, law, management, and economics. The intricate interplay between agency theory and stakeholder theory underscores the complexity of corporate governance practices across different countries, shaped by legal, cultural, and structural nuances. Moreover, the intertwined relationship between corporate governance and social responsibility elucidates businesses’ need to integrate social and environmental considerations into their operations. Drawing on case studies such as the Enron scandal, the article underscores the critical importance of effective governance mechanisms in mitigating unethical behavior and averting corporate failures. Furthermore, it underscores the indispensable role of auditors and accountants in upholding transparency and integrity, particularly within the financial services sector. Ultimately, the article calls for continued exploration and dialogue to navigate corporate governance's dynamic and evolving nature, fostering a culture of responsible business conduct and sustainable development in a rapidly changing global landscape.
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