It reduces exposure to those kinds of risks. Moreover, corporate governance should protect not only the stakeholders explicitly involved in the conduct of business, but also those vulnerable communities and environments tangentially related. In this sense, the purpose of corporate governance is to mainstream the regulations, rules and policies that increase transparent relationships between firms and their stakeholders. To this end, Governments have also sought to protect their country's economy, society and business community through enforcing the rules and regulations on corporate governance.