“…The new CG rules place a higher focus on the board of directors' and audit committees' effectiveness and managements' independence Aldamen, Duncan, Kelly, Mcnamara, & Nagel, 2012;Kajola, 2008;Persons, 2005). Hence, good CG mechanisms are regarded as essentials for any company's long-term performance and survival in the event of another financial crisis (Wong, Ganesan, Pitchay, Haron, & Hendayani, 2020).…”