corporate governance and Corporate social responsibility are closely related as they reflect a firm’s commitment to its stakeholders and the nature of its interactions with the community at large (Jamali et al. 2008). This paper sets out to explore the nature and level of understanding and adherence to corporate governance and Corporate social responsibility best practices within the Lebanese healthcare industry. The healthcare sector has not received systematic attention in discussions of corporate governance and Corporate social responsibility , despite its critical importance worldwide, and the fact that it invariably consists of both profit and non-profit organizations (Eeckloo et al., 2004). The purpose of the paper is to fill this significant gap in the literature. It draws on in-depth interviews with top hospital executives in the context of an interpretive research methodology. The paper begins with a review of the literature and then outlines the main findings and their implications.