What is Corporate Governance?
Generally speaking the term corporate governance (is a system) came to our understanding in 1980's in order to clarify how businesses can be managed, and controlled via general principles. Corporate Governance is set of procedures and activities that have impacts on decisions made by board of directors and managers. (David F. L. et. al,. 2004).
Activity of board:
Boards of directors are responsible for the governance of companies. They are responsible to clarify company's strategic intentions as well as leader shipping. Based on (Coles et. al, 2001), board of directors' concentration is on top managers to see whether they are providing worthy values for shareholders or not. There are
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