In today’s business environment, global businesses are under close scrutiny and profound pressures from lawmakers, regulators, the investment community, and their diverse stakeholders to accept accountability and responsibilities for their corporate governance effectiveness. Corporate governance is a process (journey) of managing corporate affairs to create shareholder value and protect interests of other stakeholders. The landscape of corporate governance has significantly changed in recent years and there is a need for a good book presenting roles and responsibilities of corporate governance participants including directors, officers, stakeholders and corporate gatekeepers. Effective corporate governance should develop a right balance between the achievement of short-term targets and long-term sustainable performance. To effectively fulfill their fiduciary duties, corporate governance participants should lead from the front and by example and manage instability in hypercompetitive and global environments. This timely and relevant book describes the practice of good governance in the aftermath of recent global crisis with a keen focus on internal and external corporate governance mechanisms to address future global challenges.