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The key role of a business corporation to the society offers some controversy. For some, its simply to enhance the wealth of shareholders while others stretch towards a global perspective of a purposive contribution to reducing community misery. The complex tasks under financial management and the attempt to maximize shareholder wealth is accepted as largely consistently carried along with corporate responsibility. However, it is a bold and accepted fact that achieving wealth or value maximization …

…companies due to its commitment to good corporate governance and shareholder value as well as a strong track record of transparency and communication to investors. The distinction of excellence worthy of an award highly took into joint consideration the importance of creating shareholder value and good corporate governance. As such, it is one direct proof that financial manager's role should not merely focus on generating maximum shareholder value but likewise in applying acceptable corporate governance.