In recent times, corporate governance has attracted much attention both in academic literature and press media, especially in the wake of failure of some of world’s most respected corporations. Corporate Governance is related to effective, transparent and accountable administration of affairs of an institution by its management, while protecting the interests of its stakeholders including shareholders, creditors, regulators and the public. But the implementation of ‘Corporate Governance’ is not that much simple as its means. It is very wide subject and it includes lot of discussion.