Globalization is a complex, forceful, legal and social process that takes place within an integrated whole with no regard
for geographical boundaries. Financial globalization is criticized for consequential increases in economic volatility and
disruptions to monetary policy autonomy. Globalization increases the vulnerability of economies to shock while restraining
the apparatus that central banks and policy authorities have for dealing with said shocks engendered at home and abroad. Globalization
and corporate governance interact to deal with governance issues arising from the globalization of business. Corporate governance
is, to a great extent, a set of means through which outside investors protect themselves against expropriation by insiders.
Risk management is at the centre of all financial actions. Moreover, risk management is a two-step course: firstly, it is
necessary to uncover what risks exist in an investment and then deal with those risks in a way best-suited to a corporation's
investment objectives. Financial markets have been liberalized around the globe. Banks advance their capacity to administer
credit risk function with greater leverage by lending more of their assets to risky borrowers. In a market-based financial
system, banking and capital market advancements are undividable and funding circumstances are tied to fluctuations in the
control of market-based financial intermediaries. Risk management has become a momentous element of company management after
the modern financial crisis.