Governance is a reform package to strengthen the corporate for making them more accountable, open, transparent, democratic and participatory. Governance in banks is a more complex issue than in other sectors because bank activities are less transparent and thus it is more difficult for shareholders and creditors to monitor their activities. The core of governance rests on the quality of transparency and disclosure. Protecting the interest of the depositors is a matter of paramount importance to banks. Regulators have recognized the vulnerability of depositors to the whims of managerial...