Corporate governance and social responsibility should be a vital component of an effective business strategy. Ensuring policies, procedures, and laws are practiced and followed allows for a business to operate within moral and ethical boundaries. Additionally, practicing social responsibilities enables a corporation to be mindful of the welfare and of the society in which it operates and provides for.Watch the following videos on corporate social responsibility and corporate governance to get a greater understanding of the topics: What is Corporate Social Responsibility? (YouTube 00:02:29)An Introduction to Corporate Governance (YouTube 00:02:10Describe your strategic audit company’s current social responsibility and corporate governance policies, and what they are doing or not doing to practice effective social responsibility and corporate governance.