Elucidate the principles of Corporate Governance. 

Corporate governance refers to the systems, principles, and processes by which companies are directed and controlled. Its purpose is to ensure that a company is managed in the best interests of all stakeholders, including shareholders, employees, customers, and the broader community. Effective corporate governance is crucial for maintaining investor confidence, ensuring transparency, and fostering long-term sustainability. Here’s an elucidation of the core principles of corporate governance:

1. Accountability

Definition: Accountability in corporate governance means that individuals or groups within an organization are held responsible for their actions and decisions. This principle ensures that those in positions of authority are answerable to stakeholders for their performance and conduct.

Application: Effective accountability requires clear organizational structures, defined _________ _______ _______ ________ ________ _____ _______ _________ ______ _____.
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