Introduction
The concept of corporate governance refers to various decision-making processes and control measures undertaken by the board of governors of a specific firm and their working procedures. Corporate governance forms a set of interrelated rules that control the behaviors of corporations, management, and shareholders. Every country has its rules and regulations that set different standards of governance and systems of control determined by firms operating in the country. Corporate governance systems established in each country recognize the reality of organizational law, control and ownership, and relevant regulations in the market (Tricker 2012). Issues related with corporate governance have dominated most headlines ...