Abstract

There has been amplify in attention in the Corporate Governance practices in modern era since 2001, particularly due to number of high profile financial scandals of large corporation, most of which complicated in accounting fraud such as Satyam Computers, Enron Corporation etc.. After the number of corporate financial scandal in the early part of the decade, it raised the pressure on investors on companies to strengthen corporate governance arrangement by unscrambling the roles of chairman and CEO. The wide-reaching gesticulate of laissez fair or isolationism, privatization, take over, pension fund reforms and the enlargement of private savings are the reasons why the corporate governance becomes so high up today. Investors from developed countries are challenging those Indian companies to chase international best practices with an emphasis on corporate governance. A McKinsey survey conducted in 2002, found that investors were willing to pay a premium for a well governed company (Barton et al. 2006). Among all other forces, four major energetic forces can be acknowledged for the materialization of corporate governance in India. These include Globalization, Privatization, unprincipled business practices and sanctuary scams. The corporate governance disturbed with many stakeholders and goals for which the corporation is formed. The valuable and ethical governance practice of the corporate is to facilitate the nation to cultivate economically. Government of any countries expects the growth, employment, wealth and satisfaction through valuable governance. Furthermore, it should raise the living standard of the society and increase in adhesiveness of society. Mayank Goyal | Dipanshu Mishra"Momentous of Corporate Governance in the Capital Market" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018, URL: http://www.ijtsrd.com/papers/ijtsrd16977.pdf http://www.ijtsrd.com/management/law-and-management/16977/momentous-of-corporate-governance-in-the-capital-market/mayank-goyal

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