2

The Theory and Practice of Corporate Governance

CHAPTER OUTLINE
  • The Concept of Corporation
  • Theoretical Basis of Corporate Governance
  • Agency Theory
  • Stewardship Theory
  • Stakeholder Theory
  • Sociological Theory
  • Corporate Governance Mechanisms
  • Corporate Governance Systems
  • Indian Model of Corporate Governance
  • What is “Good” Corporate Governance?
  • Obligations to Society at Large
  • Obligation to Investors
  • Obligation to Employees
  • Obligation to Customers
  • Managerial Obligation

The Concept of Corporation

No other institution has contributed so much to the growth of market-driven capitalist economies of the world as modern corporations. The Joint Stock Company which is also known as “Corporation” is the nucleus of all business activities in modern economies. ...

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