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g>Five Golden Rules
As it is mentioned above,these rules lays out and explains how the holistic approach and the best corporate governance practice can ensure that a state of good corporate governance exists. It also considers that there is an over-riding moral dimension in running a business functions Therefore, the approach and the standards developed are entirely based on the belief that:

The morality of the business and the ethic should pass through the entire organization's operation from top to bottom and satisfy all stakeholders .

The Five Golden Rules are:

1.Ethics

2.Align business goals

3.Stg.Management

4.Organization

5.Reporting

a clearly ethical basis to the business 

through the creation of a suitable stakeholder decision making model 

an effective strategy process which incorporates stakeholder value 

an organization suitably structured to influence good corporate governance 

reporting the systems structure in order to provide accountability ,transparency

This approach of corporate governance recognizes the fact that the different stakeholders interests carry different weight, and suggests to those with a major interest matter . On the other hand, best corporate governance practice conveys that all stakeholders of the corporation should be treated with equal respect . For some reasons, although the methodology proposed above involves the concept of considering major stakeholders into greater account ,while formulating organization's strategy,it is designed to improve all round support.This is because of the fact that every stakeholder of the corporation, is given the opportunity to express his/her view. It is key approach that corporations truly respect the minority interests of the stakeholder.

Corporate cultures and vision
In this regard I would consider an example:

The founder of the management consultancy Personnel Administration in 1943, Ernest Butten, issued a document ,which is called as the P.A. Charter. The aim behind this document was to drive the business forward by creating trust and confidence for its staff and well through his retirement twenty five years later. 'Ernest Butten's' presence allowed the corporation and guided its behaviour for a generation.

This ability and the intention to create a vision and turn this vision into a way of life for the firm may be regarded as nothing unusual.But this was true till one compares, Robert Maxwell, a supposed entrepreneur and builder of multinational corporations, whose empire collapsed after his death. Also, Thomas Jatson ,an entrepreneur and business builder, who created,( International Business Machines)IBM, is still a universal force to be bestowed with over eighty years since its inception.

What are the Principles of good corporate governance:
From the above examples, we can come to some conclusions and formulate some principles regarding best corporate governance practice.

1.Ehical approach

2.Balanced objectives

3.Roles of key players

4.Decision making

5.Equality treatment of stakeholders

6.Accountability and Transparency

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