It involves the balance of power and responsibilities among the board of directors, management, and shareholders of a company. The goal of corporate governance is to ensure that a company is run in the best interests of its shareholders, while also taking into account the interests of other stakeholders, such as employees, customers, and the wider community. In India, corporate governance has been a topic of much debate and discussion in recent years, as the country's economy has grown and its companies have become more global in their reach.
This article will provide an overview of the governing principles of corporate governance in India, a SWOT analysis of the current state of corporate governance in the country, an overview of the legal framework for corporate governance in India, and an examination of some of the emerging trends in corporate governance in india.
A brief chronology of corporate governance across globe:
In the late 19th and early 20th centuries, the focus of corporate governance was primarily on protecting shareholders' rights and ensuring that companies were run efficiently. In the early 20th century, the focus of corporate governance shifted to the separation of ownership and control. In the mid-20th century, corporate governance began to focus more on ensuring that companies were run ethically and in the best interests of all stakeholders.
In the 1980s and 1990s, corporate governance was again focused on shareholder rights and returns, and the rise of the shareholder value movement led to a greater emphasis on short-term performance and cost-cutting. In the early
21st century, the focus of corporate governance was to include a greater emphasis on sustainability, social responsibility, and long-term value creation. In the 21st century, corporate governance has become a global issue, with an emphasis on corporate social responsibility and sustainable business practices.
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