Final answer:
Corporate governance involves structures and processes to monitor and control a company's management. It includes the board of directors, auditing firms, and outside investors. Failure in corporate governance can result in inaccurate financial information being provided to investors.
Step-by-step explanation:
Corporate governance refers to the structures and processes that are put in place to monitor and control the activities of a company's management and protect the interests of shareholders. It involves the board of directors, auditing firms, and outside investors who play a role in overseeing and ensuring transparency in the company's operations. The failure of corporate governance, as seen in the case of Lehman Brothers, can lead to inaccurate financial information being provided to investors.