Corporate governance is crucial for the success of businesses and the economy. There are two main perspectives on corporate governance: narrow and broad. The narrow view focuses on the internal structures of a company, while the broad view emphasizes the importance of laws, ethics, and accountability. Good corporate governance requires adherence to principles like compliance with laws and ethical behavior. Neglecting ethics in business can lead to serious consequences. Bad corporate governance can have disastrous effects on businesses and the economy. Therefore, implementing effective control measures and following ethical guidelines are essential for maximizing shareholder and stakeholder value.