Good governance and social responsibility examine how corporations respond to ethical dilemmas whilst taking stock of the needs of their various stakeholders and the expectations of national governments. This requires an understanding and learning of the social responsibilities of business in a gender sensitive global environment. The roles of government regulation and community collaboration, as they impact on businesses operating across cultures, are also explored and current reforms of corporate governance are analyzed. Good corporate governance and social responsibility help corporations keep things in good balance. It also supports the company’s efforts to develop control mechanisms, which will also increase shareholder value and promote satisfaction with shareholders and stakeholders.