Corporate governance refers to the system of rules, practices, structures, and processes through which companies are directed and controlled. It ensures accountability, transparency, fairness, and responsibility in the management of organizations. In the banking and financial sector, corporate governance assumes greater significance because financial institutions deal with public deposits, investments, and systemic financial stability. Sound corporate governance helps in minimizing risks, preventing fraud, protecting stakeholders' interests, and maintaining confidence in the financial system. Various theories of corporate governance explain the relationship between the management, shareholders, and other stakeholders, and provide different perspectives on how organizations should be governed. The Agency Theory is one of the earliest and most influential theories of corporate governance. It was developed by Michael Jensen and William Meckling in 1976. According to this theory, there is a separation between ownership and management in modern corporations. Shareholders are the owners or principals, while directors and managers act as agents on their behalf. Since managers may pursue their personal interests instead of maximizing shareholders' wealth, conflicts of interest arise, known as agency problems. Agency Theory emphasizes monitoring and controlling the actions of managers through mechanisms such as independent directors, audit committees, executive compensation linked to performance, disclosure requirements, and external audits. The board of directors is expected to supervise management effectively and ensure that managerial decisions align with shareholders' interests. In banks and financial institutions, regulatory oversight by central banks and financial regulators complements these governance mechanisms to reduce agency conflicts and financial risks. Stewardship Theory presents a different perspective. It argues that managers and directors are trustworthy stewards of organizational resources rather than self-interested agents. Instead of assuming conflict between owners and managers, this theory believes that executives naturally seek to achieve organizational goals because their success is linked with the success of the organization. Therefore, excessive monitoring and control may reduce managerial motivation and efficiency. Stewardship Theory encourages empowering directors and senior management by providing them with greater authority and flexibility in decision-making. It supports unity of command, trust-based relationships, and long-term strategic planning. In banking organizations, stewardship encourages directors to focus on sustainable growth, customer confidence, financial innovation, and prudent risk management rather than merely complying with rigid control mechanisms. Stakeholder Theory was developed mainly by R. Edward Freeman. According to this theory, corporations should not operate solely for the benefit of shareholders but should consider the interests