As globalisation continues to accelerate, more and more businesses are broadening their position in international financial markets in order to obtain access to money. Strong corporate governance is now considered to be a critical component of a company's long-term success. When compared to developing nations, the attempts to establish good governance in industrialised countries have been done considerably more quickly than in developing ones. For example, The Malaysian government has made significant steps to ensure that the necessary infrastructure for efficient corporate governance procedures is in place and that these efforts are successful. Lastly, a successful corporate governance plan requires a significant commitment to enforcement, monitoring, and lobbying efforts on the part of all parties involved. Since the financial markets have become more globalised over the past decade, it has become necessary to unify corporate governance standards across borders. This paper gives a brief analysis of the different practices of corporate governance around the world and also explain its importance in the long term sustainability of the company.