Garvey and Swan 1992 suggest that governance determines how a firm's decision makers (executives ) actually administer and monitor contractual relationships. Scheifer and Vishny 1997 define it as the ways in which suppliers of finance to corporations assure themselves of getting a return on their investment.
John and Senbet 1998 conceive of CG as comprising mechanisms by which stakeholders of a corporation exercise control over corporate insiders and management , to protect their interests. Canbury 2000 providers a very simpke yet potent definition of CG as " the system by which companies are directed and controlled " (Cadbury, 2000,p.8 )
CG in the healthcare sector has not received systematic attention, although as pointed out by Pointer and Orlikoff 1999 , the challenges facing healthcare delivery organizations today are far greater than in the past.
The continuous rise in healthcare costs,expanding market demand, the emergence of
new diseases and treatment, technological advancement, public aeareness, increasing customer dissatisfaction and media attention are all contributing factors.