Abstract

The notion of good corporate governance attained significant importance all over the sphere. The reason behind the downfall of many great companies is the lack of corporate governance. Good corporate governance in the top management helps them to manage, direct, and reach the goals of the organization. Ignorance of corporate governance not just affects the company but it affects society and people equally as much as it does to the company. Corporate governance must be considered a serious issue and laws made respectively should be strictly followed by the top management of the company. It is noted that Good corporate governance means not just complying with the laws but it also means having core principles of human life such as ethics and morals. This paper traces the notion of corporate governance, the necessity of corporate governance, provisions of company law regarding corporate governance, and committees established to date in our country.

Keywords