Showing posts with label CORPORATE GOVERNANCE. Show all posts
Showing posts with label CORPORATE GOVERNANCE. Show all posts

Thursday, January 16, 2020

THEORIES OF CORPORATE GOVERNANCE


     THEORIES OF CORPORATE GOVERNANCE

     BUSINESS ETHICS AND CORPORATE GOVERNANCE
     DR SHASHI AGGARWAL

     MEANING OF CORPORATE GOVERNANCE

1.       CONSISTS OF TWO WORDS : CORPORATE PLUS GOVERNANCE
2.       A CORPORATE MEANS A LEGAL ENTITY AND THAT EXIST INDEPENDENT OF PERSONS WHO HAVE FORMED IT AND IS VESTED WITH MANY OF THE RIGHT GIVEN TO HIS INDIVIDUALS AND BASICALLY GOVERNED BY BORAD OF DIRECTORS WITH THE CONSENT OF SHAREHOLDERS
3.       GOVERNANCE : DERIVED FROM THEO WORD GUBERNARE WHICH MEANS TO RULE TO STEER
4.       GOVERNANCE IS THE ACT OF FRAMING PLANS AND POLICIES,MONITORING THE SAME TO ENSURE THEIR PROPER IMPLEMENTATION AND ACCEPTING THE ACCOUNTABILITY FOR THE AFFAIRS OF A CORPORATION

5.       CORPORATE GOVERNANCE IS THE SYSTEM OF RULES,PRACTICE AND PROCESSES BY WHICH A FIRM IS DIRECTED AND CONTROLLED. IT TRIES TO BALANCE THE INTERESTS OF COMPANY’S STAKEHOLDERS SUCH AS SHAREHOLDERS,MGMT,CUSTOMERS,SUPPLIERS,FINANCIERS,GOVT AND THE COMMUNITY