Corporate strategy refers to a general strategy in public firms applied at various levels of organisation concerning its goals and long-term growth. The responsibility for these strategies lies with the top-level managers of the company to discuss, analyse, and finalise strategies to move forward in the market.
Corporate governance is a combination of rules, processes, and laws. These guidelines control businesses. It encompasses the legal framework and practises that govern the relationships between a company’s management, board of directors, shareholders, and other stakeholders.