In modern corporate world every organization responsible to follow rules guideline while achieving their targets. Increasing profits, motivate employees and make sure staff’s outcome is effective and efficient against the organization profits. An organization is not a standalone unit in society. It can’t exist without its stakeholders. All organizations have two major stakeholders. Internal Stakeholders - Owners, Shareholders, Directors, Managers, Staff, Creditors, Suppliers External Stakeholders - Social, Environment, Government etc Organizations have its responsibilities to each party mentioned above to fulfill. This post is about to discuss how organizations directed and control according to its own process and procedures to accomplish responsibilities. figure 1 : (A. Shleifer, R. V., 1997. A Survey of Corporate Governance.) Corporate Governance The relationship between or...