The increasing role of corporate governance in managing the interest and benefit of stakeholders of an organization

Purpose-Corporate governance is the set of best practices and moral conduct that brings improvement in stakeholder satisfaction. The current research paper highlights the increasing role of corporate governance in managing the interest and benefit of stakeholders of an organization. Methodology-The use of secondary sources of qualitative research supports in explaining conclusions on the research topic through a reference to previous articles and books. The literature from the year 2011-2015 is considered in conducting the research activity. Findings-The proper application of a transparent method of managing stakeholders increase the level of satisfaction and improve the overall performance of the organization. Various rights need to be provided by the company to the stakeholders so that wealth creation and soundness in an organization can be maximized. Conclusion-The application of principles of corporate governance increases engagement and long term relations of the stakeholders. It avoids mismanagement and improves the method of capital use and supports in minimizing the level of risk in the organization through continuous involvement in creative practices.