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hello everyone so welcome to our first topic for this subject governance ethics risk management and internal control so our first topic will be corporate governance so i apologize if majona later no so please note that during the discussion so i will be speaking in english and messiah so para padilla board or para podiputa so in this video our objective will be as follows so first uh we will revisit the definition of corporation its characteristics and structure so i think uh you have taken up corporation in your last business objects law and then of course you will be able to define corporate governance discuss the fundamental objectives of corporate governance discern what good governance promote and lastly list the benefits of good governance so lets have a quick review of the definition of corporation so as stated by the revised corporation code last 2019 so you define corporation as an artificial being created by operation of law having the right of succession and the powers attr