Legal compliance is a good
corporate governance practice in the way that corporations today are
borderless; their business operations cross borders into complex contexts in an
effort to manoeuvre other regulatory environments. Legal compliance simply is
the competency of the ability one has to follow the laws and regulations that
govern business practices as well as moral etiquette. Corporate governance
refers to that framework or structure beneath which a firm is coordinated and
controlled. The set of rules and hones regarded as aimed at securing
accountability, fairness, and transparency inside the corporation's
relationship with its partners.


