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Corporate governance affects all of us. And for shareholders, in a direct way. Understandably, shareholders wish to put their money on companies which will reward them with an above-market-average return on their investments. While it is true that there is no magic formula to pick out these companies from the business pool, there have been some research studies suggesting a positive link between good corporate governance and company performance. This also aligns closely with what I personally have seen in my past decades of work in the private sector.
