The implementation of a system of governing their organization so that the interests of corporate owners and other stakeholders are protected is known as corporate governance.
Corporate governance refers to set of processes and procedures which controls the operations of an organization. The major duties of the employees are known by the structure of governance and the principles the organization follows.
Corporate governance tends to remove conflict of interest that might come up in an organization. It basically tells how an organization should function.
Therefore, Amadi and Amir have set up a system known as corporate governance.
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