
Corporate governance has evolved into one of the most important disciplines in modern organisational life. At its core, governance defines how power is exercised, how decisions are made, and how organisations remain accountable to the stakeholders who rely on them. Although the language of corporate governance became common only in the 1980s, the underlying principles have existed for centuries. They reflect humanity’s ongoing attempt to balance authority, responsibility, fairness, and transparency within institutions that grow more complex as economies expand.