Good corporate governance practices are important to encourage investment in a country. Companies in a global economy, where access to capital markets is in the interest of economy, assume greater significance. While the report of Kumar Mangalam Birla Committee on corporate governance opined that a strong corporate governance was a prerequisite for the growth of capital market and was an important instrument of investor protection, studies of various companies the world over revealed that markets and investors did take notice of well-governed companies, responded positively to them and rewarded such companies with higher valuations as reflected in stock prices. Good corporate governance leads to the efficiency of a business enterprise, to the creation of wealth of stakeholders and to the country's economy. The need is for the entire corporate world to follow the principles of corporate governance.

There is a need to monitor the functioning of corporates for guarding the interests of investors and creditors. With increasing awareness and access to information, investors do not depend solely on regulators to protect them. They are conscious of their rights and strive to maximize their wealth, so does a company. The key differences, with every thing else being common, will be the ability to create self-driven, self-assessed, self-regulated organization with a conscience. This is ultimately all about corporate governance in India and elsewhere.

One may govern life in accordance with the revealed truth as one sees it or natural law or a simple precept of not treating others as just ends, or in the pursuit of the good life of contemplation prized by Aristotle. One may believe that morality lies in doing the best one can do for oneself and one's children and giving something back to the society, when one can buy money or time. One may also think that morality is simply being responsible for one's actions, not harming others, and when one can compensate people for their pain and when one cannot. One may think that morality is simply doing whatever produces the greatest good for the greatest number; others may believe that morality is nothing more than maximizing one's wealth. One may believe any of these things has a moral compass to direct one's daily life. One should come to the realization that sometimes the ends do not justify the means and sometimes the ends themselves are not worth pursuing.

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