ABSTRACT
Corporate governance includes everything that is done to give its citizens a good quality of life. With the fast pace of change in the business world and the creation of new rules by ‘international’ organizations. The concept of Corporate Governance (CG) has been introduced and given a boost. Corporate governance sets the basic values for an organization’s culture. This makes sure that the business works well and is based on ethical values and principles. It looks at how a company should be managed and how its controls should be set up. It tells boards, managers, shareholders, and other stakeholders what their rights and responsibilities are and how far they can go. Corporate governance is mostly about long-term relationships, like ‘checks and balances’, ‘managers’ incentives’, and ‘communication between management and investors and a business relationship’ that has to do with issues of disclosure and authority.
Most of the above definitions of ‘Corporate Governance’ focus on setting minimum standards and describing the roles of the different people who are involved.
Sengar, Rudra Pratap Singh, Corporate Governance in India: Issues and Importance (June 1, 2024).
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