Corporate governance in the GCC - Dissertation ExampleBy doing this, it also provides the structure, through which the company objectives are set and the means of attaining those objectives and monitoring performance†(Baydoun, Ryan and Willett, n.d., p. 2). The practice of financial reporting and auditing standards are considered as an integral part of good governance. In the literature review, it has been argued that the managers need to think beyond the belief that mismanagement in the microeconomics policies lead to poor corporate governance, and then only they will succeed in designing a holistic and systematic corporate governance model. Many of the researchers have emphasized on the creation of situation specific corporate governance structure, which has created difficulties in finding one universal definition of corporate governance. Some other sets of researcher have emphasized on the relational aspect between the managers and the shareholders.
