Evolution- management structure for corporate governance-board structure-building responsive boards - issue and challenges- effectiveness of board- board committees and audit committee- legal compliance committee and stakeholders’ relationship committee-appraisal of board performance- transparency and disclosure- internal control system and risk management-corporate governance in various countries – investor protection and institutional investors-corporate social responsibility -various corporate governance forums - CACG ,OECD , ICGN , NFCG organization perspectives- ethical principles in business – codes and innovations-concept of stakeholders’ organization- activity analysis- process-business ethics as a strategic management tool- stakeholders’ protection-sustainability reporting -stakeholder engagement-corporate sustainability management systems-legal framework- conventions and treaties on environmental- health and safety and social security issues-principle of absolute liability.