Corporate Ethics, Governance, and Social Responsibility

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Corporate Governance: Precepts and Practices-II

S. B. Mathur

WHAT EXACTLY IS CORPORATE GOVERNANCE?

Corporate governance is an evolving subject. Everyday, you keep hearing about it in the media. So many debates, conferences, seminars are taking place. What was relevant yesterday may not be relevant today. What is relevant today may not be relevant tomorrow. But to ensure that we are on the same wavelength, let me first start with what is corporate governance. Generally speaking, it is a process by which companies are directed and controlled, and it is a field in economics where separation of ownership and control is the focus along with the issues that arise thereafter. It is all about promoting corporate fairness, integrity, transparency, ...