Corporate governance boosts financial institutions' performance, preventing collapses and ensuring success.
Corporate governance has a big impact on how well a company performs. A study looked at financial institutions in Batticaloa district to see how corporate governance affects their performance. They found that having good corporate governance practices, like having the right board size and communication strategies, leads to better organizational performance. This means that companies with strong corporate governance are more likely to do well and avoid problems like corporate collapses.