It is one of the most important management concepts and most popular in the field of business, and it has received a great deal of attention from legislative and supervisory authorities around the world. Standards, regulations and procedural controls were designed for it in the aim to develop the economy and help companies achieve their long-term strategic goals, as well as to contribute to achieving discipline, transparency and justice within companies, leading to exemplary management that achieves balance in all its decisions. We can say that corporate governance was set up to allow and regulate the proper applications and practices of those in charge of managing the company, to preserve the rights of shareholders, company employees, stakeholders, and others and that the main parties in the governance process are the shareholders, the board of directors and the executive management.