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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