Introduction
Corporate governance can be defined as a system by the corporations are controlled, directed and administered. The structure of governance is used to specify the distribution of responsibilities and rights among the different participants in a company such as managers, board of directors, creditors, regulators, auditors, shareholders and other stakeholders, etc. It also specifies the procedures and rules for the major decision making in corporate affairs. Corporate governance tends to provide a structure by which organizations can set their objectives and pursue those objectives along with the reflection of the context of regulatory, social and market environment (Simanovsky, 2010, pp. ...
