ROLE OF CORPORATE GOVERNANCE IN ORGANIZATIONS. ROLE OF CORPORATE GOVERNANCE IN ORGANIZATIONS

The importance of corporate governance in today?s modern and aggressive business environment cannot be denied.The main motive of corporate governance is to enhance effective, entrepreneurial and efficient management that can deliver the long-term success of the company.Many multinational companies are following corporate governance.In the current scenario corporate governance is a hot topic , it is a relatively new field of study. Achieving best practices has been hindered by a patchwork system of regulation, a mix of public and private policy makers.and the lack of an accepted metric for determining what constitutes successful corporate governance. policy.Following the great financial scandal in big companies, like Enron,Satyam, World Com, Adelphi, Cisco and ?, one of the most topics raised by researchers and from investors is Corporate Governance.It clearly convey the necessity for company management control, division of economical unit from its ownership and enhancing the performance of the board of managers, auditors, accounting system, internal control, and finally maintaining investors and stakeholders' rights. Using efficient managers in companies results in growth of their performance, leading to stockholders rights too; consequently financial performance will be increased and company control will be better performed.Corporate Governance importance in the world is at some extent that Standard & Poors institute has introduced following multiple criteria to measure corporate governance status: ownership structure, financial stockholders relationships, structure and how-to-act of the board of managers, and clearance and disclosure of the information. Due to the topic importance, this article will reflects the corporate governance and its conceptual framework, types of existed theories, types of the corporate governance, and comparing them with each others as well as attempting to develop corporate governance. studies applied guided bone regeneration while three studies did not.