aspects related to share holders , stake holders. Various Dimension are described related to corporate Governance such as, Corporate Ethics , investor Protection , social responsibility etc. Experts identify various critical issues which require detailed understanding and remedial mechanism for effecting corporate governance practices. 1. Distinguishing the roles of board and management: 2. Composition of the board and related issues:{categorized of} 3. Separation of the roles of CEO and chairperson: 4. Should the board have committees: 5. Appointments to the board and directors'- election: 6. Directors‟ and executives „ remuneration: 7. Disclosure and audit: 8. Protection of shareholder rights and their expectations: 9. Dialogue with institutional shareholder: 10. Should investor have a say in making a company “socially responsible corporate citizen”? Distinguishing the roles of board and management – The board occupies a key position between shareholder (owner) and the company‟s management (day to day managers of the company‟s resource). A. select, decide the remuneration and evaluate on a regular basis, and when necessary , change the CEO. B. Oversee (not directly , but indirectly )the conduct of the company‟s business to evaluate whether or not it is being correctly managed. C. Review and , where necessary , approve the company‟s financial objectives and major corporate plans and objective. D. All other functions required by law to be performed. A board of directors is a “committee elected by the shareholders of a limited company to be responsible for the policy of the company . Sometimes ,full time functional directors are appointed , each being responsible for some particular branch of fir „s work. The composition of board of directors refers to number of directors of different kind that participate in work of the board. Itis now increasingly being realized that the practice of combining the role of chair person with that of the CEO as is done in countries like the US and INDIA leads to conflicts in decision making and too much concentration of power in one person resulting in unsavory consequences. Many committees on corporate governance have recommended in one voice the appointment of special committees for i. Nomination ii. Remuneration and for iii. Auditing. These committees would lessen the burden of the board and enhance its effectiveness.