About Product
This book has been compiled by the Indian Institute of Corporate Affairs as a guide to understand key issues in the area of corporate governance. The book covers fundamental aspects of corporate governance with a strong focus on Indian regulatory system. The various authors who have contributed to the book present practitioner’s approach to understand the corporate governance issues. Corporate governance practices are evolving around the world in response to the global financial crisis and a spate of corporate frauds in the recent years. In India, the Companies Act, 2013 has raised the bar for corporate governance as the landmark legislation aims to bring changes in key operational areas by prescribing checks and balances. Companies are managed in a way that their utilization of resources have a profound impact on society in the pursuit of profits in market economy that is why corporate governance ultimately determines society’s welfare. The main objective of this book is to provide up-to-date thinking on the issues faced by the persons with responsibilities for managing and regulating institutions of all kinds. The book will be of immense value for company directors, gatekeepers or regulators and governance practitioners. The comprehensive coverage of this book provides an opportunity to consider the way in which corporate governance practices has been developed as a whole. The book is divided into five Modules : First Module presents the conceptual framework of corporate governance which includes the evolution of corporate governance, agency problem, stakeholder theory, enterprise governance, role & responsibilities of directors & auditors, board committees, importance of disclosures, role of institutional investors and case studies on corporate governance failures. It gives an overview of the difficulties faced in the implementation of corporate governance. Second Module traces the Indian corporate sector by studying the variation across countries. The different economic, social and political contexts of countries that produce variations in their corporate sectors also have additional effects on their
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