Corporate Governance and globalization: issues and challenges

The very fundamental nature of corporate governance is based upon standards of transparency, accountability, fairness and responsibility. Their applications are universal in nature. The notion may be coin pies but the principles are essentially clear-cut and straightforward motivating a fine blend of legislative and right frame work. This paper discusses the term Corporate Governance as distinct as the organization by which companies are directed and proscribed. The basic purpose of corporate governance is to augment and exploit shareholder value and guard the interest of additional stake holders.