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In the contemporary era, the significance of governance has elevated as far as he developmental discourse is concerned. Good Governance is regarded as pre-requisite for a peaceful open world. The political regime, systems and procedures for exercising authority; and capacity of governments are the key dimensions of governance. Thus it is also considered as a crucial element in formulating any development strategy. The article will carry an indepth study of what the term ‘Good Governance’ really means and its key dimensions viz-a-viz the developmental course. This article is a study on the governance issues which South Asian region faces. It seeks out to classify the key problems that are widespread to the region and concludes with a common agenda for good governance (without going into the detail of each country separately but the governance indicators of each South Asian Countries are provided at the end). The constarints and problems of poor governace will be studied in detail. On the basis of various strands of issues, the article winds up that the spirit of governance lies in delivering to the citizens of South Asia, the civil liberties, the rights, the provisions, preserved in the constitution of each of these countries as regards to the political, economic and social life and identifies major problems in the accomplishment of those aspirations.