Need of Effective Corporate Governance and Its Challenges in India
Journal Title: International Journal of Computational Engineering and Management IJCEM - Year 2012, Vol 15, Issue 6
Abstract
Corporate governance is the set of processes, policies, to ensure proper management of companies for effective accountability to all stakeholders, aim to optimize economic output and protect the interest of shareholders. It includes in its orbit all implicit and explicit relationships between the corporation and its employees, customers, creditors, suppliers and all other stakeholders. Government of India has taken policy step to provide direction, control and guidelines to all companies to work in ethical ways, create trust among shareholders and customers, to provide stability to our economy and to check financial scams and frauds. Regulations formed by different committees, need of effective corporate governance and challenges to corporate governance are briefed in this paper.
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Meenu
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