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Corporate Governance is defined as the set of processes, laws or regulations which define the manner in which operations are carried out in an organisation. The corporate governance standards look after the benefit of all the stakeholders and ensure that the business is carried out in accepted ethical standards, best practices and in compliance to all laws (Denis, 2003). Corporate governance has gained a lot of importance in business as companies deal with unethical means in order to make profits and survive in the business. It thus looks into maintaining a level of transparency in the organisation in order to ensure that the business processes are carried out in legal manner. Corporate governance also looks into the relations between the various stakeholders of the organisation to ensure that business is able to achieve the goals for which it is being monitored and governed (Brickley, 2008).
