Financial deregulation and liberalization of both trade and capital markets have removed many barriers within and across countries, allowing firms to pursue business opportunities worldwide, supported by availability of accessibly priced capital. As a result, the global market for financial capital, labor, goods, and services is now an ever-present reality of commerce and trade in the 21st century. As financial markets have developed, investor involvement has intensified. And with that trend have come more and more demands from investors for high standards of corporate governance to ensure that capital is used efficiently and effectively, produces good returns in a manner responsible to societys interests, and is protected from malfeasance and misappropriation. Investors want boards to make decisions that are free from conflicts of interest; they insist that enforcement has the necessary authority, resources, and credibility to act expeditiously and effectively.

Mr.Uzair Farooq is currently working as Lecturer (Centre for Excellence of Research Lahore Chapter) at COMSATS Institute of Information Technology, Pakistan. He earned his MA Finance Accounting and Management from University of Bradford School of Management, UK.