In the narrow sense, corporate governance is principally about the relationship between management and shareholders. But that's looking at it in its narrowest sense. And the way companies are governed also affects those who work for them. Decisions taken by companies affect customers, creditors, the environment and the wider community in which the companies concerned operate. That's why good corporate governance is about helping firms to be responsive to changing economic demands but also to be accountable for what they do.
Corporate governance is about how companies treat their workforce.
How they have an impact on the environment. How they help the wider community. Their impact on the developing world. These are increasingly issues of concern for many people. And they are increasingly issues which business itself cares about.