A survey of corporate governance: issues, recommendations and questions

This is a review paper which is highlighting the theoretical and pragmatic literature on understanding various issues of the corporate governance. This paper is an effort to provide direction on the main controversies among researchers on various corporate governance systems being implemented in several countries (developed and underdeveloped). This article tries to measure the importance of legal protection of investors and concentration of ownership among specific groups in order to achieve personal agendas in corporate governance systems around the world. In the end main drivers of the future direction of corporate governance principles, policies and practices have also been discussed.