The pace of movement of financial capital has become greater because of the pervasive impact of information technology and the world having become a global village. When investments take place in emerging markets, the investors want to be sure that their investment is safe, properly utilized and RoI is ensured. They also want to ensure that the organization in which they invest has a set of rules, guidelines and ethical practices framed as rules for a good corporate governance. Corporate governance represents the value framework, the ethical framework and the moral framework under which business decisions are taken. In other words, the investors want to be sure that not only is their capital handled effectively and adds to the creation of wealth, but the business decisions are also taken in a manner which is not illegal or involving moral hazard.

Corporate Governance therefore calls for three factors:

		Accountability
		Safeguarding the interests of the stakeholders and the investors
		Transparency in decision-making

Implementation of corporate governance depends upon laying down explicit codes, which enterprises and the organizations are supposed to observe. The codes, however, can only be a guideline.

Ultimately effective corporate governance depends on the commitment of the people in the organization. Corporate governance depends upon two factors. The first is the commitment of the management for the principle of integrity and transparency in business operations. The second is the legal and the administrative framework created by the government.

We at Reliable believe, corporate governance is the net result of the individual sense of values, the values held in society or part of a society like professional bodies or business associations and finally the system of public governance. Keeping these factors in mind, Reliable has framed a set of rules for the senior management to enable them to observe corporate governance in true spirit. A corporate manual has been put to use as a reference document for all the senior executives. Under corporate governance initiatives, Reliable has taken up various measures that provide tangible value to the enterprise over a period of time.