Corporate Governance in India: Issues for Consideration
Keywords:
Corporate Governance, accountability, transparency, discipline, Government policy and regulationsAbstract
In order to promote good corporate governance, the national strategy must encompass measures to enforce the system of accountability to the shareholders, strengthening of the democratic process and strengthening the media to ensure public awareness, undertaking the regular policy reviews and effective corporate leadership. Accountability, transparency, efficiency and discipline are the important ingredients that go a long way in building trust of the shareholders to the corporate world. There is no denying to the fact that without shareholders trust in the corporate world, it is very difficult for the big corporate firms to mobilize the necessary resources and ensure their abundant support in the corporate activities of the firms. All in all, a well planned harmonization between various factors underlying corporate governance together with complementary institutions providing enforcement do play an important role in good corporate governance .
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