Description
Corporate governance is about commitment to values and ethical business conduct. It is a set of laws, regulations, processes and customs affecting the way a company is directed, administered, controlled or managed. This includes its corporate and other structures, culture, policies and the manner in which it deals with various stakeholders. Some of the important best practices of corporate governance framework are timely and accurate disclosure of information regarding the financial situation, performance, ownership and governance of the Company. Today, the strength of a global company lies in its ability to access high-quality capital at the lowest cost from a global pool of investors. To reduce information asymmetry between the management and stakeholders particularly shareholders corporate governance report provides additional qualitative information to help the shareholders better understand the management of business that enable shareholders in particulars and investors in general to make more informed economic decisions such as credit and investment in the present day of competitive business environment across the globe. Corporate governance guidelines and best practices have evolved over a period of time because instances of irregularities in the US and certain instances in India, e.g., “Satyam – Asatyam”. The book focuses issues relating to corporate governance arising out of corporate scams over the period of time and time to come. Therefore, it shall be immensely useful to the students, researchers, teachers of accounting, accounting professionals, training and management institutions and stakeholders of business entities.
