This document discusses corporate governance in the banking and financial sector. It first provides examples of past research on this topic from 2000 to 2018. It then outlines why corporate governance is needed in the financial sector due to risks and potential impacts of bank failures. The document discusses what good governance involves, including qualified boards that oversee strategy, integrity and risk management. It reviews some steps taken in Pakistan, such as governance codes and oversight bodies. Challenges that remain are also presented, such as human resource retention and technological changes. The document concludes by suggesting various entities that can help improve corporate governance in banks and financial institutions.