Corporate Governance (CG) has emerged as one of the key elements of public policy reforms individuals. It is still in its infancy; it has been around only for the last three to four years. It is however not a foolproof concept as it relies heavily on data available from insiders. But it has specific and special role to play to enhance the strength of a particular unit and of the entire corporate sector. Corporate Governance is to be maintained or observed as effective tool to assure the stakeholders of their long-term interests without prejudice to public interest.
Corporate Governance is the term given to the management practices followed by the business organization. At flour, we believe that good business practices, transparency in corporate financial reporting and the highest levels of corporate governance must be maintained. This section includes documents regarding flour's corporate governance practices that keep flour accountable to its shareholders. These channels in turn are activated through several structural and institutional factors pertaining to the corporation. They are as follows:
 The ownership structure of the organization.
 The financial structure of the corporation.
 The structure and functioning of the company boards and the associated internal control systems
 The legal, political and regulatory environment within which the Corporate functions
Thus Corporate Governance (CG) is the way the firm ought to be run, managed and controlled. It is related with supervision and holding the responsibility of those who direct and control the management. It also includes framing rules and procedures to run the unit. It directly refers to the induction of checks and balances in the system to prevent abuse of authority. Corporate Governance also hints at ethical and integrated behavior to maintain the financial results.
Corporate Governance at Universal Level:
Traditionally the matters with corporate sector were involved... [continues]
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