Corporate governance represents the value frame work the ethical framework and the moral framework under which business decisions are taken. Corporate governance has succeeded in attracting a good deal of public interest because of its apparent importance for the economic health of corporations and society in general. Directors, shareholders and professional advisers all have an important role play in the corporate governance regime. Ethics are vital to good corporate governance and CSR. Finally, in India the level of awareness of the corporate sector and civil-society groups is much higher, with extensive debate and discussion on how corporate responsibility could become part of mainstream business practice. One of the more positive developments for the future is the increasing desire of India’s educational institutes and business schools to introduce corporate governance and corporate social responsibility in their curricula.