ABSTRACT
Introduction Since the early 1990s corporate governance has been receiving much and increasing attention and contemplation by international standard-setters, domestic law-makers and regulators, and all domestic and external stakeholders in general with the rising awareness of its importance for and impact on the soundness and performance of financial and non-financial companies and on certain economic outcomes. The ongoing pressure to adhere to constantly updated international standards in this area and to related applicable domestic laws and regulations and mounting conviction on the part of shareholders and investors of the positive efficiency, profitability, and sustainability signals that adequate corporate governance can send to the markets have been the main drivers for the board and senior management of banks and non-banks to incorporate the best corporate governance practices into their daily operations and decision-making.
