Acceleratedchanges in science and technology, media and economy, among others, are directly influencing society and hence, companies; so Corporate Governance which is the system by which organizations are directed, monitored and encouraged, involving the relationship between owners, Board of Directors, Officers and oversight bodies are in need to follow the trends. Good corporate governance practices need to transform principles into objective recommendations, aligning interests, in order to preserve and optimize the value of the organization, facilitating their access to resources and fostering resilience. Similarly private sector companies, public institutions in recent decades have being seeking mechanisms to reinvent themselves and modernize their management models. Large hospitals are increasingly seeking marketing innovations to serve its customers quickly and efficiently, for which there is a need to reinforce corporate knowledge from executives or administrators. According to the Code of Best Corporate Governance Practices of the IBGC, the principles and practices of good corporate governance apply to any organization, regardless of size, legal status or type of control. This paper seeks to identify how good governance could improve hospital management processes, and for that purpose key areas for improvement in current hospital management processes were focused, tounder stand how corporate governance stands in public administration and contribute to the discussion of corporate governance analyzing the state of the art on the subject. Nowadays is becoming in evidence in Brazil the increasing importance of the subject as well the relative lack of academic studies on Corporate Governance that is becoming more critical every day.