Abstract:
The corporate governance and its relationship with corporate board and audit committee have been under scrutiny in this review of literature. As research studies in this area are abundant, after a thorough investigation of a number of studies, twelve studies were selected for the analysis, which were published in or after 2003. However, from these studies only the issues related to corporate board and audit committee were picked. The discussions are focused on the implications of the findings of these studies. While identifying the relationship between corporate governance, corporate board, and audit committee, a number of future study opportunities have been pointed out as well.