How important is corporate governance for success of an organisation?

Corporate Governance is integral to the existence of the company. Corporate Governance is needed to create a Corporate Culture of Transparency, Accountability and Disclosure. It refers to compliance with all the moral & ethical values, legal framework and voluntarily adopted practices. Corporate governance is important for success of an organisation in following ways- Improving Corporate Performance Enhanced Investor Trust Better Access to Global Market Combating Corruption Easy Finance from Institutions Enhancing Enterprise Valuation Reduced Risk of Corporate Crisis and Scandals Increased accountability of the Board