CG and Its Impact on Firm Performance: Comparison of UK and Oman

This paper has explored and discussed a much popular topic of the business world i.e. corporate governance. This paper has compared the impact of corporate governance practices in the context of two different countries i.e. UK and Oman. The significance of corporate governance has amplified lately particularly following the worldwide financial crisis and administrative and the financial scandals of some well-known international organizations outcome from fragile in-house systems of audit. Therefore past examples of organizations operating in diverse countries has been discussed in this paper. Theoretical grounds have also been discussed in this paper covering discussion on agency theory as a simple solution for organizations when it comes to corporate governance. It has been found in this paper that corporate governance is functioning in different ways in both selected countries i.e. Oman & UK. Firm structure, board performance, audit committees and compensation systems were key aspects discussed in this paper.