Corporate Governance: Critical Issues
Corporate Governance is about the legal, social and institutional arrangements which provide a broad framework for control and direction of corporate affairs. It involves a set of relationships amongst and between various groups of participants of factor and product markets such as owners, managers, shareholders and several groups of stakeholders. Corporate governance is about the exercise of corporate power which entails decisions on a variety of a company's products and services having long-term ramifications for the economy and society. Worldwide governments' stock exchanges and the regulators have developed guidelines and rules for the conduct of corporate affairs. In most countries legal reforms have been undertaking and appropriate institutions for enforcement have been introduced. In India the SEBI has been in power to develop policies and programs for improving corporate governance process. This book deals with the concepts and practices of corporate governance, as they evolve from time to time and also includes references of research carried out in other countries.
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agency agency theory appointment aspects assessment audit committee auditors Balanced Scorecard banks board committees board composition board effectiveness board functions board level board members board of directors board performance board process board structure boardroom Cadbury report CEO duality changes Clause 49 company's compensation committee context corporate boards corporate governance practices corporate social responsibility criteria debate decision disclosures economic ensure environments ethical executive directors expertise external financial institutions financial markets firm important independent directors India individual directors industry information asymmetry inside directors insider trading internal issues laws leadership legal and regulatory listed companies Listing Agreement measures mindset monitoring nexus of contracts nomination committee nominee directors non-executive directors objectives organisation ownership structures performance evaluation problems public enterprises recommendations reforms regulations regulatory framework relationship responsibility SEBI shareholders social stakeholder theory stakeholders stock exchanges strategic top management transparency and accountability