Online published on 11 January, 2012.
Governance provides a roadmap for a corporation helping leaders of a company make decision based on the rules of law, benefits to stakeholders and practical process. It allows a company to set realistic goals and methodologies for attaining these goals. The fundamental objective of corporate governance is to enhance shareholders’ value and protect the interests of other stakeholders by improving the corporate performance and Accountability. Hence, corporate governance based largely on trust – the trust by stakeholders, that revenue will be fairly shared and that those directly involved in running of the company.
Corporate Governance Practices, Empirical Study, SEBI's Clause 49, Listing Agreement, Check list