The Organization for Economic Co-operation and Development (OECD) defines the purpose of corporate governance as " helping to build an environment of trust, transparency and accountability necessary for fostering long-term investment, financial stability and business integrity, thereby supporting stronger growth and more inclusive societies.”
Bringing governance up to date, keeping it there, and marketing it.
In recent years, corporate governance requirements for companies and other organizations have been steadily increasing. In addition to legal requirements, there are corporate governance codes that place greater obligations on the control and monitoring of institutions. In addition, investors, rating agencies, creditors, and other stakeholders (employees, associations, etc.) often define their own expectations regarding the corporate governance of institutions.