March 2012
Beginner
623 pages
35h 9m
English
Changing with the times, industry associations have taken the initiative to come up with guidelines for their member companies in the area of governance. A formal effort was initiated by the Confederation of Indian Industry when it produced in 1998, a document titled ‘Corporate Governance—A Desirable Code’ through a Task Force headed by Rahul Bajaj, which for the first time formally recognized the obligation of listed corporations to create corporate wealth and distribute it among all their stakeholders. The need for transparency in reporting and the imperatives of having independent non-executive directors who could protect the interests of shareholders were clearly articulated. A similar ...
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