Bangladesh, June 19 -- In recent times the term corporate governance has become a buzzword in the corporate world across the globe. It is not a new concept in the business arena, yet the areas of its application are changing with evolving needs. In the 1970's, this concept was first introduced in the USA to mitigate the agency problem. According to the strict sense of its definition, corporate governance includes the process through which corporation's objectives are set and pursued in the context of the social, regulatory and market environment. These include monitoring the actions, policies and practices and decisions of corporations, their agents and affected stakeholders. Corporate governance practices can also be seen as an attempt to ...