What is corporate governance why is it important for board

Question

What is corporate governance? Why is it important for board of directors to ensure good corporate governance within a company? Students need to define corporate governance concisely, and examine the ways as to how the board of directors can ensure good corporate governance?

Suggested Assignment Outline 

B1	Introduction	Definition of corporate governance
B2	Importance	Methods of ensuring good corporate governance Implications for board of directors for ensuring good corporate governance
B3	Conclusion	Summary of main points

Words Limit: 1200-1400