Journal of Applied Business, Economics and Strategic Management ISSN: 3139-1664 (Online)

Authors: Priya Sharma, Rohan Verma

Abstract: Corporate governance has emerged as a critical factor in ensuring sustainable organizational performance. It encompasses the systems, principles, and processes by which companies are directed and controlled. The study of corporate governance is vital in understanding the mechanisms that align the interests of management, shareholders, and other stakeholders to optimize performance. This paper examines the impact of corporate governance practices on organizational performance, focusing on board structure, transparency, accountability, and risk management. The paper employs both qualitative and quantitative data drawn from existing literature and case studies to highlight key governance mechanisms. The study demonstrates that robust corporate governance positively influences organizational performance by enhancing investor confidence, improving operational efficiency, and promoting ethical decision-making. Furthermore, it identifies challenges in governance implementation and suggests measures for improvement. The findings provide valuable insights for policymakers, corporate managers, and researchers aiming to strengthen governance frameworks to achieve sustainable business outcomes.

Keywords: Corporate governance, organizational performance, board structure, transparency, accountability, risk management, stakeholder alignment.