It would have been very clear by now as to the importance that has been laid in good corporate governance. Government, corporates and the civic societies have been doing their bit to improve upon the existing level of governance. Corporate governance goes beyond the realms of law. It comes from the culture, ethos and the mindset of management. However due emphasis must be given to the role of legislation also. Need of the hour is to build an atmosphere of mutual trust, responsibility and accountability that makes the governing team enthusiastic and makes them aspire for excellence. Procedural refinements and innovation are no substitute for ‘good’ men, while good men are never short of capacity to innovate. Thus, it is men more than measures that make good corporate governance for that matter ‘the governance’ give its true result.
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