LEGAL FRAMEWORK FOR CORPORATE RESTRUCTURING AND GOVERNANCE

Governance has emerged as a central concern for both developed and developing countries, driven by global transformations and recurring economic crises over recent decades. In response, increasing attention has been directed toward governance frameworks as essential tools for creating an effective economic environment capable of confronting future challenges—an outcome that can only be achieved through the implementation of clear procedures and regulations. This study seeks to examine governance by exploring its conceptual foundations and practical mechanisms, while also highlighting its core principles and its role in corporate restructuring. Through an analysis of both the theoretical and procedural dimensions of governance, the research emphasizes its critical importance in promoting transparency, accountability, and sustainable organizational.