CORPORATE GOVERNANCE: A GENERAL REVIEW

Corporate governance has an important position in the financial and business agenda and that is due to its benefits to corporations and communities. Its importance was highlighted during the global financial crisis in developed countries and others as well and it was addressed in business and management journals. Even though, corporate governance as a term is still confusing researchers and businessmen. We need as communities and corporations to understand what corporate governance does mean to be implemented in public and private sectors generating benefits to all parties. This article represents main concepts of corporate governance dealing with its definitions, objectives, and justifications for its existence in order to simplify corporate governance as a topic.