公司治理作为一个概念，广泛地建议零售业内组织的运作，指导和控制的流程，关系和机制。治理的原则和结构确定了不同组织参与者之间的责任和权利分配（Illiev等，2015）。这涉及董事会，股东，监管机构，审计师，债权人和其他利益相关者团体。治理涉及零售业内企业决策的程序和定义规则。在监管，社会和市场环境背景下，公司的目标被定义和遵循（Illiev等，2015）。治理机制包括监督政策，实践，行动，组织决策，相关代理以及受影响的利益相关方。通过调整利益相关者的利益，企业治理的实践受到影响。现代企业内部与公司治理相关的实践中，对于具体问责制（Larcker and Tayan，2015）的兴趣越来越高。由于许多与会计舞弊相关的高调组织的倒闭，以及最近的经济危机，这种情况有所增加。
Corporate governance as a concept, widely suggests processes, relations and mechanisms through which organizations within the retail sector indulge in operations, directions and controls. The principles and structure of the governance identifies the responsibility and rights distribution between varied organizational participants (Illiev et al, 2015). This involves board of directors, shareholders, regulators, auditors, creditors and other stakeholders group. The governance involves procedures and defined rules for corporate decision making within the retail sector. Corporate governance involves the processes with the help of which objectives of the company are defined and followed within the regulatory, social and market environmental context (Illiev et al, 2015). The mechanisms of the governance include monitoring of the policies, practices, actions, organizational decisions, associated agents along with the stakeholders that are affected. The practices of corporate governance are impacted through the effort of aligning the stakeholders’ interest. The higher interest was emerged within the practices related to corporate governance within the corporations of modern times in regard to accountability in specific (Larcker and Tayan, 2015). This was increased due to the collapse of numerous high profile organizations associated with fraud in accounting followed by the recent economic crisis.