What Can Be the Best Corporate Governance Reform?

In that paper I start to define that Corporate governance issues have attracted considerable attention not only in Europe but also in UK, , and research worldwide in recent decades. Internationally, corporate governance norms have been initiated through a judicious mix of the three available routes: legislation, regulation and self discipline. A world class corporate governance system is where values are as important as rules.Corporate governance is an important part of strategic management that can improve firm performance. Despite its importance, many people are unclear about what corporate governance is precisely. Both managers and investors should understand what corporate governance is and the role that it plays in firms. Being aware of what corporate governance is will allow them to see how it affects their respective businesses. In conclusion good governance practices entail active participation of shareholders in the direct and indirect management of corporation through the Board of Directors and an arrangement of productive checks and balances among shareholders, board of directors and management of corporations. For this reason, every governance model can not fail to take into account appropriate business management models able to identify and classify future events, opportunities and above all potential threats.