Corporate governance:

A) if effective, should enhance stakeholders' confidence that the organization is being managed in their best interests.
B) ensures the personal interests of top management are fully achieved.
C) is only important to non-publicly traded companies.
D) is a department within Canada Revenue with a mandate to ensure all corporations file annual tax returns.

Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. Its effectiveness should ensure that the organization is being managed in the best interests of all stakeholders, including shareholders, employees, customers, suppliers, and the community. It aims to prevent unethical or illegal practices, ensure accountability, and improve transparency in decision making.