When establishing corporate governance, organizational architecture, and organizational culture, it is crucial to consider several ethical business issues, including: Transparency and accountability: The organization should be transparent in its operations and decision-making processes and accountable to its stakeholders, provide regular reports on financial performance, and ensure that executive compensation is fair and reasonable. Fairness and equality: The organization should treat all employees fairly and equally, without discrimination and harassment, creating a diverse and inclusive workplace culture. Data privacy and security: With the increasing use of technology, the organization needs to protect the confidentiality and security of its customers' data. In your own words, describe corporate governance, why it's essential, and how culture and ethics play a role in developing winning business strategies. Please share your perspectives, insights, and opinions based on your knowledge and experiences

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Corporate governance refers to the system of rules practices and processes by which a company is dir... View the full answer