Why is good governance needed ?

A good corporate governance system: Ensures that the management of a company considers the best interests of everyone; Helps companies deliver long-term corporate success and economic growth; ... Improves control over management and information systems (such as security or risk management)

Governance helps you to always act in the best interests of the business. More specifically, it can improve the performance of your business, help it become more stable and productive, and unlock new opportunities. It can reduce risks, and enable faster and safer growth. It can also improve reputation and foster trust.

Explanation:

try something like republic or democracy joined or something because its talking about a election party.