Introduction of Corporate Governance in a company brings order and methods in decision-making processes and fixes who should own the responsibility. The company will focus on its mission, vision, and not any personal likes or dislikes of a few top officers. The benefits of corporate governance are difficult to quantify in the short range.

Accounting jugglery and showing profits give a company’s short-term gains, but they are not long-term policies for financial credibility. True financial performance of a company, openness, and governance policies give investors’ confidence.

The unethical policies or mismanagement by the CEO or director of a company will be exposed by adhering to corporate governance principles. Corporate governance will throw light on excessive remunerations given to directors or CEOs. It improves investors’ confidence and relations.

The occurrence of frauds and mismanagement can be detected early for remedial actions. It is also agreed that no system can remove fraudulent practices fully. Corporate governance is an open democratic system. They may appear long-winded or time-consuming, or individual decision-making is hindered.