Corporate Governance should be done more through Principles than Rules as quoted by Adi Godrej.The quote describes the true intent and essence of Corporate Governance.Many a times it is under estimated and practiced to a limited extent of "Compliances".

For a effective Corporate Governance the role of Independent Directors with support from the law and autonomy needs to be extended by the promoters, founders and stake holders for a effective and unpartial implementation of Corporate Governance.the inclusion of following directives makes it more effective.1. Active involvement of the Owners / Founders.2. Rules of law.3. Moral integrity.4. Transparency.5. Participation.6. Responsibility and accountability.7. Effectiveness and efficiency.

Roobaroo Consulting helps organizations to build a Good Corporate Governance Structures and Risk Advisory on related matters.