Research methods and methodology are inherent in research whether it is in the form of a research paper, a dissertation or a book. This paper enables readers to choose how to select a particular research method, methodology, and research approach or research philosophy for a respective study. For this purpose, a presumptive study or hypothesis has been chosen as an example to employ research methods and methodology. For instance, the aim of a study is to investigate the corporate governance framework of Pakistan, to develop a board effectiveness model and to explore the role of institutional investors in order to make the execution of the code of corporate governance true sense. This paper presents the epistemological grounds of this study and the rationale for a qualitative exploratory study using an interpretative and descriptive approach to the enforcement mechanisms of corporate governance, the role and effectiveness of the board of directors and the part of institutional investors in the corporate sector of Pakistan. Furthermore, it provides details of the data collection and data analysis methods used for the said study, establishes the trustworthiness of the study and justifies the ethical considerations involved in the study. This paper would be a meaningful contribution to this existing knowledge, as the reader of this paper will be able to understand how to opt for a suitable methodology for a study.