The Need for Corporate Governance

May 29th, 2015
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Arcadia University
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Good corporate governance is key to the integrity of corporations, financial institutions and markets, and central to the health of our economies and their stability. Corporate governance has become talk of the day in the corporate world, especially when there is financial crisis originated in the U.S.A. and some other countries due to poor governance of financial institutions. Therefore, now days corporate governance which is a mechanism to mitigate the clash of interests among the stakeholders of a corporation, has achieved further focus from regulatory groups. Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders.

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Corporate Governance -Abdur Rakib AkonGood corporate governance is key to the integrity of corporations, financial institutions and markets, and central to the health of our economies and their stability. Corporate governance has become talk of the day in the corporate world, especially when there is financial crisis originated in the U.S.A. and some other countries due to poor governance of financial institutions. Therefore, now days corporate governance which is a mechanism to mitigate the clash of interests among the stakeholders of a corporation, has achieved further focus from regulatory groups. Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders.Definition:Historically it is known as the ways in which a firm preserves the interests of its financiers (investors, lenders, and creditors). The modern definition calls it structure of rules and exercise by which a board of directors ensures purity and transparency in the firm's com

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