corporate governance is the set of arrangements through which organizations account to their stakeholders. Good corporate governance requires accountability to a broad stakeholder-group including shareholders, creditors, employees, customers, suppliers, and all categories of persons who come into contact with a company's day-to-day activities. This perspective on corporate governance is applicable to all kinds of firms irrespective of ownership structure,and requires organizations to balance interests of all stakeholders. Good corporate governance supports and sustains economic growth by promoting the efficient use of resources and by creating conditions   that attract both domestic and foreign investment.