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Corporate Ethics, Governance, and Social Responsibility by A. C. Fernando

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13

Corporate Governance: Precepts and Practices-I

M. A. Alagappan

WHAT IS CORPORATE GOVERNANCE?

In my view, seminars like the one we are participating in are crucial because they help spread the cause of good corporate governance, a cause that I think is very important and very necessary. However, before I get started, I think it is worth examining what corporate governance is. Corporate governance is one of those terms that are delightfully vague. Corporate governance, like beauty, completely depends on the eye of the beholder. What could be good corporate governance to me could be bad or not good enough to you. Corporate governance to me could mean that I have to follow certain rules and laws, whereas to you it could mean that a company should ...

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