Corporate Governance: Voluntary, Mandatory or a Hybrid Approach?

This paper addresses a dilemma in corporate governance. Indeed, corporate governance has been a hype in modern business world. They were designed to curb malpractices and foul play in corporations. However, many practitioners and academics alike have not come in terms for the best approach for corporate governance. This paper simplistically addresses this dilemma and examine briefly the varying approaches to corporate governance in modern business world. This is not an empirical piece but on the contrary it is a writing that address the intricate dilemma in corporate governance and perhaps to determine the trajectory of their future directions.