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Introduction
In this paper, I discuss the main issues and reasons because of which large public companies need the proper corporate governance system in the late 1980 and after. If we look upon the history or evolution of corporate governance, it affected by lot of events held in the whole World. As a result of series of corporate shocks in the 20th century, staring with East Asian and Russian financial crises and followed by series of corporate governance scandals in Europe and the United States. These countries introduced new changes and reforms in corporate governance system.
By definition corporate governance is
• “Corporate governance is about the way in which boards oversee the running of a company by its managers, and how board members are in turn accountable to shareholders and the company.”
• “A jargon term for the fashionable issue of how companies should be run in the context of society as well as the law and best practice.”
Corporate governance......

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Approximate Word Count: 2409
Approximate Pages: 10 (250 words per double-spaced page)

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