Corporate governance is a multi-faceted subject. An important theme of corporate governance deals with issues of accountability and fiduciary duty, essentially advocating the implementation of policies and mechanisms to ensure good behaviour and protect shareholders. �Corporate governance� comprises the institutions that govern the relationship between people who manage corporations and all others who invest resources in them. Corporate governance refers to the structures and processes for the direction and control of companies. Corporate governance concerns the relationships among the management, Board of Directors, controlling shareholders, minority shareholders and other stakeholders. More specifically Report of the Committee on the Financial Aspects of Corporate Governance (the UK Cadbury Code), London, 1992 has define as the Corporate governance is the system by which companies are directed and controlled. According to OECD principles �Corporate governance involves a set of relationships between a company�s management, its board, its shareholders and other stakeholders.......

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