International Journal of Managment, IT and Engineering
  • Year: 2013
  • Volume: 3
  • Issue: 12

A study of interrelinkages of corporate governance alligned with competition law

  • Author:
  • Namita Rajput, Shweta Satija, Ruhi Kakkar
  • Total Page Count: 19
  • Page Number: 436 to 454

*Associate Prof, Commerce, Sri Aurobindo College (M), University of Delhi

**Assistant Prof, Commerce, Shamlal College (M) University of Delhi

***Assistant Prof, Commerce, Bharti College, University of Delhi

Online published on 13 February, 2014.

Abstract

The relationship between Competition and Corporate Governance explores how Governance structure of an organization incorporate the policy of Competition and to identify the possible concerns which have come up in many jurisdictions in relations to Compliance Programmes. This paper tries to discover the connections between Competition and Corporate Governance and how companies can bring into line the policies of Competition laws into Corporate Governance structure. The research-methodology implemented is chiefly Non-doctrinal and eloquent. The sources of data include secondary sources like Articles, books and Journals. Various search engines and websites also provided the vital information. The paper concludes that designing a model to evolve Indian competitiveness essentially requires a gentle acknowledgement of the current business environment along with a positive approach to future development which can be developed by a close connect between profit maximization, stakeholder optimization and ethical competitiveness in order to create sustainable growth. Profit maximization, market leverage and global competitiveness must take an equal precedence with ethical behaviour and Corporate Governance. The enterprise must analyze stakeholder priorities to develop a strategy for strengthening competitiveness i.e. it must include the compliance of Competition laws into their Governance structure so that the enterprises can avoid contravene the provisions of Competition law.

Keywords

Competition law, Corporate Governance, ethical behaviour, global competitiveness