The correct answer is C. corporate governance.
Corporate governance is the system of rules, practices, and processes by which a company is directed and controlled. It is concerned with the relationship between the company’s management, its board of directors, its shareholders, and other stakeholders.
Agency governance is the relationship between a principal and an agent, where the principal delegates decision-making authority to the agent. In the context of corporate governance, the principal is the shareholder, and the agent is the board of directors.
Hiring governance is the process of hiring and managing employees. It includes setting hiring criteria, interviewing candidates, and making hiring decisions.
External governance is the relationship between a company and its external stakeholders, such as customers, suppliers, creditors, and the government.
In conclusion, the set of rules consisting of behavior towards its directors, creditors, shareholders, competitors and community is considered as corporate governance.