CORPORATE GOVERNANCE

mukesh ramjibhai goyani, Vaghela Jignesh Prabhudas

Abstract


Globalization has not only significantly increasing and intensifying business risks, but also it has compelled Indian companies to adopt international norms of transparency and good governance. Corporate Governance policy recognizes the challenge of this new business reality. A meaningful policy on Corporate Governance must provide empowerment to the executive management of the Company, and simultaneously create a mechanism of checks and balances which ensures that the decision making powers vested in the executive management is not only not misused, but is used with care and responsibility to meet stakeholder aspirations and societal expectations. The practice of policy on Corporate Governance leads to the creation of the right corporate culture in which the company is managed, that fulfils the purpose of Corporate Governance. This research paper aims to give an insight into the Corporate Governance policy that recognizes the challenges of this new business reality and its ability to respond to the dynamics of a fast changing business environment.


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ISSN : 2251-1547