In any economy of the world the Corporate Governance have a significant and important implication for the economic development. For the protection of shareholders, reducing risk for investor and economic growth, it is necessary that well established corporate governance mechanism implemented, so that the performance of the business enhances. Every country has its own corporate governance structure and mechanisms. Pakistan is one of developing economy and its own corporate system and regulations. Securities and Exchange Commission of Pakistan (SECP) is the regulator of the corporate governance system. The basic aim of research study is to review the governance strategy and theories with the firm performance. The previous study revealed that the good corporate governance practices are very strong and positive impact on performance of the firm. The literature identifies that the board size has strong influenced in the performance of the firm. Separate role preferred in many studies for CEO, but in many studies preferred the CEO performs dual role for the sake of investor protection.
Key words: Corporate governance, Board Size, Audit Committee, CEO Duality, FirmPerformance, Return on Asset, Return on Equity.
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