Briefly explain Corporate Governance in Financial Sector. Distinguish between Corporate Governance in Banking from Corporate Governance in Mutual Fund industry.

Corporate governance in the financial sector refers to the systems, principles, and practices that guide the management and control of financial institutions, ensuring that they operate in a transparent, accountable, and ethical manner. In the financial sector, corporate governance involves setting up structures to monitor and regulate the operations of institutions like banks, insurance companies, mutual funds, and investment firms, ensuring they comply with relevant laws, regulations, and ethical standards. The objective of corporate governance in this sector is to maintain trust, protect stakeholders' interests, minimize financial risks, and promote sustainable growth.

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