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Introduction to corporate_governance

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Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses
are operated, regulated, and controlled. The term can refer to internal factors defined by the officers,
stockholders or constitution of a corporation, as well as to external forces such as consumer groups,
clients, and government regulations.
A well-defined and enforced corporate governance provides a structure that, at least in theory, works
for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical
standards and best practices as well as to formal laws. To that end, organizations have been formed at
the regional, national, and global levels.
In recent years, corporate governance has received increased attention because of high-profile scandals
involving abuse of corporate power and, in some cases, alleged criminal activity by corporate officers.
An integral part of an effective corporate governance regime includes provisions for civil or criminal
prosecution of individuals who conduct unethical or illegal acts in the name of the enterprise.
TATA CODE OF CONDUCT
The fountainhead of the corporate governance of the Tata Power Company is the Tata Code of Conduct.
The Company is committed to abide by it, in its letter and spirit. And the Company has earned the Tata
Brand name by virtue of this commitment. It draws its strength from the five Tata values:
Integrity
Understanding
Excellence
Unity
Responsibility
In Tata parlance they stand for
Integrity
We must conduct our business fairly, with honesty and transparency. Everything we do must stand the
test of public scrutiny.
Understanding
We must be caring, showing respect, compassion and humanity for our colleagues and customers
around the world, and always working for the benefit of India.
Excellence
We must constantly strive to achieve the highest possible standards in our day-to-day work and in the
quality of the goods and services we provide.

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Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer groups, clients, and government regulations. A well-defined and enforced corporate governance provides a structure that, at least in theory, works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal ...
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