7

Board of Directors: A Powerful Instrument in Corporate Governance

CHAPTER OUTLINE
  • Introduction
  • Role of Board in Ensuring Corporate Governance
  • Governance Issues Relating to the Board
  • The Role of Directors
  • Independent Directors
  • Directors’ Remuneration
  • Family-owned Businesses and Corporate Governance
  • Some Pioneering Indian Boards

Introduction

The separation of ownership from active directorship and management is an essential feature of the company form of organisation. To manage the affairs of a company, shareholders elect their representatives in accordance with the laid down policy. These representatives are called the “directors” of the company. A number of such directors constitutes the “board of directors” and that is the top administrative ...

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