Which ONE of the following most accurately describes corporate governance?

It is a code of best practice which instructs directors of listed companies how to maximise profits for the benefit of shareholders

It is a body of law, morals and ethics designed to ensure that the shareholders of listed companies are treated fairly by the board

It is the body of rules and ethics primarily concerned with the effective control, business efficacy and accountability of the management of public-listed companies for the benefit of stakeholders

It is the set of rules contained in the constitution of listed companies which governs the relationship between the board and the shareholders