Why Talking About Corporate Governance

Corporate governance in itself has no single definition but common principles which it should follow. For example in 1994 the most agreed term for corporate governance was “the process of supervision and control intended to ensure that the company’s management acts in accordance with the interest of shareholders” (Parkinson, 1994)1. Corporate governance code is not a direct set of rules but a self-regulated framework which businesses choose to follow. This code has continued to change in the past 20 years in accordance with what is happening in the business world. For example the Enron scandal caused reform in corporate governance with the Higgs Report which corrected the issues which were necessary. Although it does not quickly fix problems, it gives a better framework to

Corporate governance is a commonly used phrase to describe a company’s control mechanisms to ensure management is operating according to

Corporate governance is the way in which a company is directed and lead through certain rules, practices and processes. Corporate governance goes hand in hand with King Codes. This is all about Accountability and Transparency. Before 1994 there was no governance.

The concept of Governance is simple the system designed to control and distribute power within an organization. According to Hoel (2011), good corporate governance involves having a good leadership structure and the complex system of incentives, checks and balances that makes sure that the organization creates long-term

Governance refers to the system by which organisations are directed and managed. Corporate governance represents the relationship between the board, management and its owners (Foreman 2006). It is not only rules and regulations but also ethical culture within an organisation. Without an ethical and accountable environment, corporate governance is at best, unless, and at worst, a means to future corporate malpractice

Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, management, customers, suppliers, financiers, government and the community. Since corporate governance also provides the framework for attaining a company's objectives, it encompasses practically every sphere of management, from action plans and internal controls to performance measurement and corporate disclosure.

One of the principals of corporate governance is to answer the questions of would the management be trusted to run the business in the best interest of the owners? How would they be held accountable for their actions? How would absentee owners keep control over the managers? So in order for corporate governance to take place and to be effective is to make sure that the elected board is doing their job.

Corporate governance is characterizes a term that refers broadly to the rules, procedures or laws which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the managers, officers, stockholders or constitution of an enterprise, and also to external factors such as consumer groups, customers and government regulations. It could also be the interaction between different participants in forming corporation’s performance and the way it is continuing towards.

Corporate governance mainly involves balancing the interests of the company 's many stakeholders, including its shareholders, management, customers, suppliers, financial institutions, governments and the community. Since corporate governance is also provided a method for obtaining the

Corporate governance can be defined as the process, customs, laws by which the affairs of a company are managed and controlled it also

It is well established that good corporate governance practice is beneficial for firms, its stakeholders and whole economy. Further based on studies such as by Levine (2004), saving rates, investment decisions, technological progress and consequently economic growth are encouraged as financial systems reduce market frictions. So developing countries require reforms to stimulate financial system for revival of economy.

A good Corporate Governance is integral to the very existence of a company and strengthens investor 's confidence by ensuring company 's commitment to higher growth and profits. Broadly, it seeks to achieve the following objectives:

Good corporate governance also structures the relationships among investors, boards of directors, managers and other stakeholders. Observing good corporate governance helps to maximize long term shareholder value by improving corporate decision making and performance. The improvement of corporate decision making and performance allows the organization to be effective because the interests of shareholders and those of other

Corporate governance is a broad operation concerned with choosing the board of directors and with setting the long run objectives of the firm. This means managing the relationship between various stakeholders in the context of determining and controlling the strategic direction and performance of the organization. Corporate governance is the process of ensuring that managers make decision in line with the stated objectives of the firm.

Corporate Governance refers to the way a corporation is governed. It is the technique by which companies are directed and managed. It means carrying the business as per the stakeholders’ desires. It is actually conducted by the board of Directors and the concerned committees for the company’s stakeholder’s benefit. It is all about balancing individual and societal goals, as well as, economic and social goals. Corporate Governance is the interaction between various participants (shareholders, board of directors, and company’s management) in shaping corporation’s performance and the way it is proceeding towards. The relationship between the owners and the managers in an organization must be healthy and there should be no conflict between the