Whenever the issue of “improving global economy” is discussed, the relevance of trade, investments and International Corporation are brought to the fore front of the list. Though rarely talked about in this light, corporate governance is one of the very important factors that that shapes the global economy. Although, this paper expatiates on the often shared view of how corporate governance improve the output of the corporation and the economy of the home country, it uses the often shared view as a stair to climb the height where corporate governance is seen from an international spectrum. It doesn’t only dwell on corporate governance as an aspect of economics but also breams a very bright light on the interception between laws and corporate governance. This paper treats the importance of corporate governance to the corporation and to the home nation under one head because in the opinion of the writer, the roles corporate governance play in these two entities are intertwined in most cases as will be properly explained.