In the system of Governance in the corporate entity, it is evident that the Board would play a crucial role in fulfilling its fiduciary and other responsibilities. The liability of the Board would have to be clear and absolute for the actions of the company. 

The focus on capital markets-national as well as international- for mobilization of resources has made corporate governance increasingly indispensable. Continuing globalization requests a controls review as part of the due diligence process when making an acquisition or entering into a joint venture. A "Controls Due Diligence" review is necessary to gain early warning of any key control weaknesses in the target companies.