Corporate governance describes how companies are directed and controlled. In general, corporate governance encompasses all international and national ethical values and principles associated with good and responsible company management and they apply to employees and management alike. Corporate governance should not, however, be understood as a rigid system of rules and regulations but rather as a process whereby principles and standards are constantly under development to stay in line with the latest requirements. Good corporate governance ensures that company management is responsible, qualified, transparent and directed towards long term success. It should also strengthen shareholders’ and investors’ trust.