The Role of Corporate Governance in Preventing Fraud

Abstract

Corporate governance plays a pivotal role in maintaining the integrity and transparency of organizations. Effective governance structures and practices are critical in preventing and mitigating fraud, safeguarding stakeholder interests, and ensuring regulatory compliance. This paper examines the role of corporate governance in preventing fraud by exploring various governance mechanisms, including board oversight, internal controls, audit functions, and ethical frameworks. The study emphasizes the importance of robust governance practices in detecting, preventing, and responding to fraudulent activities, and provides insights into how organizations can strengthen their governance frameworks to combat fraud effectively.