Corporate Governance Quality :A Literature Review

ABSTRACT: A desired governance system of a company can lead to improve company performance and consequently more access to outside capitals of company, thus it can provide sustainable economic growth. When companies design and implement these systems desirably, they increase financial system in society that consequently investment amount in companies will be increased, investment increase also in turn improve economic growth. On the other hand, effective implementation of governance system lead to resources allocation in the best way and this will be associated with more growth and productivity that eventually, they will lead to economic stability growth.Hence, in this paper first the concept of corporate governance and its quality was defined.Then , effective corporate governance was completely described.in the final section , the indexes of measurement of effective corporate governance from different viewpoints was studied.