"Success is not the art of making mistakes when nobody is looking at, true success is the truthful expression of the performance when it is measured"*
Who does not like the progress? Progress leads to success in terms of satisfaction of desires and expectations. When any individual compares his past performance with the present and when the graph is upward then individual appreciates himself or herself. The same is in the case of corporate or country or any country's economy, which want to be sound then they need success. But success is not simple to get. Now days there are many ways through which success can be achieved. The ways can be short cuts or may be long ways, where more sincerely and ethically one has to work. Corporate governance can be put in this 2nd category.
Corporate governance has succeeded in attracting a good deal of public interest because if it's apparent importance for the economic health of corporations and society in general. We know each corporation obtains its funds from different class of investors. When they do so, it becomes their prime responsibility to see that the funds are used in proper direction. The investors are also even needed assurance for such matter.
"Corporate governance deals with the ways in which suppliers of finance to corporations assure themselves of getting return on their investment." *
The Cadbury committee, London, U.K. in the year 1992, is giving corporate Governance concept. But corporate governance is not new invention but was inherent characteristics of all healthy organizations.
"Corporate Governance practices and concept has been recently raised due to growing level if falls out in corporate sector leading to severe injury not only to the Stake holders but to the whole economy.
When compa ...