Discussion Question: Comprehensively answer the question below. Give full descriptive paragraphs and avoid using bullet points when answering.

Corporate Governance depends on an effective management system by which organizations are directed and controlled to dictate corporate practices. The implications emphasize that companies need to develop and practice good governance that embraces sustainable management systems. Therefore, leading sustainable performance incorporates effective corporate governance within CSR. Critically assess an effective management system, consisting of international best practices, which an organization can apply to develop and sustain effective corporate governance