Discuss with the help of an example how responsibility, accountability, transparency and fairness are pillars of corporate governance.

Corporate governance is the system by which companies are directed and controlled. It involves a set of principles and practices that help ensure the company operates in an ethical manner, focusing on stakeholder interests while balancing the goals of the organization. Four key pillars of corporate governance are responsibility, accountability, transparency, and fairness. These pillars are essential in creating a framework that not only enhances company performance but also builds trust with stakeholders, including shareholders, employees, customers, and society at large.

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