Abstract
Corporate governance is the relationship between company's management, its board, its shareholders and other stakeholders (Monks and Minow, 1995; Redmond, 2000). Therefore, the function of corporate governance is to provide the structure through which shareholders, directors and managers set their broad objectives for the company and is a means of attaining those set objectives. In order to achieve those objectives, it is also entrusted with monitoring of performance (Redmond, 2000).