ROLE OF THE BOARD IN ENSURING CORPORATE GOVERNANCE ROLE OF THE BOARD

The clear message from the series of corporate debacles that occurred in America and several parts of the world, was simple that the board of directors is increasingly being recognized as a critical success factor for corporations, be they large or small, private or public. This understanding and appreciation of the role of the boards as being valuable has resulted in several recommendations to boost their contributions to success of companies by innumerable committees that have been appointed by governments and public spirited organizations all over the world.

Company laws enacted by various countries make it a point to stress that the duty of a statutory board is to protect ...

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