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1.1 Introduction The ultimate objective of companies is to keep maximising profitability given the rules and regulations implemented by the government and accounting practices i.e. (GAAP). The owners of an entity (shareholders) appoint the appropriate people, (directors) who are responsible to report back to them on performance. The directors in turn take the responsibilities to delegate day to day decision making activities to line managers who are involve in the business operations. It is also the Directors are also responsibility to implement systems, processes and control measures to ensure proper accountability and transparency in its operations with the view to safeguard stakeholders and increase value for shareholders. (Corporate Governance) On the other hand shareholders have the right to remove and replace directors if they feel for example financial targets are not been achieved. This gives directors a very thin line to strike the balance between concentrating on achieving financial targets to...

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