Corporate Governance: The Value of Corporate Governance on Firm Value

Corporate Governance can be seen as a ripple effect, as it impacts not just the employees, and managers of a company, but also the directors, capital providers, the industry, and most importantly, shareholders. Most companies strive to have a high level of corporate governance, which is the harmonization of goals and their means to achieve the goals for shareholders, directors, and officers. On the other side, a lack of good corporate governance can hurt a company\u27s integrity and reliability in the views of stakeholders. This paper will discuss the background and history of corporate governance, the importance of corporate governance, the impact it has on firm value, and then briefly discuss some examples of corporate governance in the work place today