The document discusses the importance of corporate governance for value addition in enterprises. It states that corporate governance rests on the vision of leadership and requires principles like fairness, transparency, communication and knowledge sharing. Good corporate governance practices can lead to benefits like growth, goodwill, and meeting the expectations of various stakeholders including employees, investors, customers, suppliers and society. While progress has been made, more still needs to be done to improve practices related to equitable treatment of shareholders, transparency and board functioning. Overall, corporate governance is essential for sustainable value creation and meeting the needs of all stakeholders.