Corporate governance is the system by which companies are directed and controlled in conformity with laws, regulations, stakeholder expectations, values, mission, etc. Your MEGA executive team had access to the rules of the simulation$/$competition as established through MEGA documentation provided. You also had the opportunity to set your values, mission, and vision. Finally, you were asked to analyze the competitive market and establish business and corporate level strategies with the intention of establishing a sustainable competitive advantage. Governance, in this case, refers to your ability to direct and control your MEGA business in conformance with all of these factors.