This study aims to explore the role of social cohesion, media, higher education, empowerment, and interfaith harmony in good governance of the public universities in Pakistan. Primary data was collected from the public sector universities in Pakistan. Data analysis was conducted by using SPSS and Mplus 8software. Results confirm that social cohesion, media, higher education, empowerment, and interfaith harmony have a significant influence on good governance in public universities in Pakistan. Data was collected from public sector universities in Pakistan. Hence, the findings of this study cannot be generalized to universities in other countries. The inclusion of civil society, social cohesion, media, higher education, empowerment, and interfaith harmony in university structures and functions can resolve issues in the higher education sector. This can be done through building awareness and monitoring university's activities and performance for good governance in higher education sector. The article extends stakeholder theory of corporate governance by inquiring important stakeholders such as civil society and cohesion, media, higher education, gender empowerment and interfaith harmony and their role in improving university governance. Policies can be revised in this context to maximize sustainability by achieving a harmonious balance among these factors. The study also highlights that key variables ensure good corporate governance as per stakeholder's approach in the context of higher education sector. [The pagination cited (p1-25) on the .pdf is incorrect. The correct pagination is p1-22.]