CORPORATE GOVERNANCE IN INDIA: PRINCIPLES AND PRACTICES
Journal Title: PARIPEX-Indian Journal of Research - Year 2018, Vol 7, Issue 4
Abstract
In the age of competitive Globalization and dynamic world, business enterprises need to focus on innovative practices which will help in maximizing stake and shareholders wealth. The fundamental concern of corporate governance is to ensure that the firm's directors and mangers act ethically in the interests of he firm and its shareholders and that the mangers are held accountable to capital providers for the use of assets. The concept of corporate governance can be taken as a parallel to the quality practices under the ISO standard. It also involves entry of non-executive directors into the board, and making the members more positive and dynamic in their activities. All business information must be made available to them, and system controls are activated to ensure authenticity, timeliness and effectiveness of information. Globalization and Liberalization have taken the Indian corporate world towards the international field. This, not only is there a need to establish viable and acceptable corporate governance, but it should also conform to international standards. The basic principles of corporate of corporate governance are based on ethical parameters such as complete transparency, integrity and accountability. The present paper addresses the issues of corporate performance, transparency, strategies, executive functions, compensation and accountability, auditors and several related issues.
Authors and Affiliations
Dr. SHIVSHENKER
Keywords
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