Corporate Governance
Meaning and Definition Of Corporate Governance
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The term 'Corporate Governance' is not precisely defined anywhere.
There seems to be no single definition that clearly ties up the term because C.G. means different things
to different people. It is an inter-disciplinary subject of interest to people as diverse as law-makers,business people,accountants,economists and even historians.
Characterstics Of C.G.
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1)Represent the frame work under which business decision are taken.
2)Depends on the rules and practices.
3)Key part of the Contract.
4)Assurance the well Functioning of markets.
Constituents of C.G.
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1)Board of Director
2)ShareHolders
3)Management
Principle of C.G.
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1)Fairness
2)Transparency & Disclosure
3)Accountability
4)Responsibility
Issues Of Corporate Governance or C.G.
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1)Distingushing the roles of board and Management.
2)Composition of board and related issues.
3)Separation of the role of CEO and Chairperson.
4)Should The board has committees.
5)Appointment to the Board and Directors' and Re-election.
6)Disclosure & audit.
---------------------------------------------------
The term 'Corporate Governance' is not precisely defined anywhere.
There seems to be no single definition that clearly ties up the term because C.G. means different things
to different people. It is an inter-disciplinary subject of interest to people as diverse as law-makers,business people,accountants,economists and even historians.
Characterstics Of C.G.
-------------------------
1)Represent the frame work under which business decision are taken.
2)Depends on the rules and practices.
3)Key part of the Contract.
4)Assurance the well Functioning of markets.
Constituents of C.G.
----------------------
1)Board of Director
2)ShareHolders
3)Management
Principle of C.G.
------------------
1)Fairness
2)Transparency & Disclosure
3)Accountability
4)Responsibility
Issues Of Corporate Governance or C.G.
------------------------------------------
1)Distingushing the roles of board and Management.
2)Composition of board and related issues.
3)Separation of the role of CEO and Chairperson.
4)Should The board has committees.
5)Appointment to the Board and Directors' and Re-election.
6)Disclosure & audit.
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