In the context of globalization, there is a dire need for understanding various governance practices abroad. Good corporate governance needs to address the principles of government and public enterprise relationship and create the fundamental pillars based on which the governing board can become effective. This chapter focuses on understanding the standard practices in global corporate governance issues and problems, policy implications by considering a select country-wise analysis like Australia, Canada, Scotland, New Zealand, Iceland, India, UAE, etc. Hence, the chapter makes a comparative study of present corporate governance practices in selected countries.