Corporate Governance: An Overview Of Corporate Governance

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INTRODUCTION
Corporate governance is nothing but the set of rules, ethics, values, morals, principles, regulations, and procedures. Corporate governance is a system where directors and management are entrusted with tasks, duties and responsibilities in relation to the affairs of the Company.
The term “governance” refers to controlling a company, an organization or corporate bodies. Corporate governance controls and governs the ethics, principles, values, morals. For effective corporate governance, the policies should be as such that the director’s of the company should understand their duties and responsibilities towards the company and should act in the interest of the company.
HISTORY OF CORPORATE GOVERNANCE
The concept of corporate governance …show more content…

EVOLUTION OF CORPORATE GOVERNANCE
Corporate governance has great importance on a business that has impact on the profitability, sustainability, and growth of business. It is a multi-tiered process that is filtered from an organization’s policies, ethics, values and culture, particularly of the people who is running the business and the way it deals with various stakeholders.
Creating values that not only is profitable but sustainable in the long –term interests to the business of all stakeholders necessarily means that businesses have to run with a high degree of ethical conduct and good governance …show more content…

CII is the India’s largest industry and business association which came with the first code of corporate governance in the year 1998. The CII has set up a committee to inspect corporate governance issues and recommend a voluntary code of finest practices. CII drew up a voluntary corporate governance code from the model known as Anglo-Sazon model of corporate governance. The code was first drafted and prepared in April 1997, and the resulted documented names as Desirable Corporate Governance. A code was released publicly in the month of April 1998. The code contained comprehensive provisions focused on listed companies. The CII code was welcomed with much fanfare and even adopted by few companies. It was felt that statutory code would be more purposive and significant under Indian conditions in respect of corporate

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