The analysis of corporate governance report

May 29th, 2015
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The main responsibility of governing a company is upon the board of directors the directors are appointed by the shareholders of the company. The board appoints one or more of them as managing directors. The directors have the ultimate responsibility for the governance of the company. A significant trend that has characterized the boards over the last 20 years has been the rise of the independent or outside directors, particularly after the corporate scandals that has shaken the corporate world, viz. Enron, WorldCom, AOL etc. In order to be independent a director must be independent and he will have no material or pecuniary relationship, a director must be independent and he will have no material or pecuniary relationship with the company. The role of non-executive or outside directors is to act as fully participating members of the board for performance of its duty

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Corporate governance and the role of stakeholdersMohd. Abdul. Muqeet Assistant Professor Chate Business SchoolSatara ParisarAurangabadEmail Id : abdul_r1962@yahoo.comCorporate governance and the of role of stakeholdersGood governance is something which is much broader and includes fair, efficient and transparent administration designed to meet certain well defined objectives in an organization. Good corporate governance is a framework which ensures effective accountability of management towards all its stakeholders. It is a system of structuring operating and controlling an organization with a view to achieve long term strategic goals to satisfy the stakeholder, and compliance with the legal and regulatory requirement. Good governance therefore ensure that all the stake holders, be they shareholders employees customers , supplier government and the community all the get fair and adequate attention to meet their justified requirement. It also involves the corporate to ensure that environmental and societal requirement of the community in which they operate are adequately addressed. Good corporate governance recognizes a diverse interest of shareholders, lenders, employee's govt. etc. The financial institutions and Banks are also demanding effective and efficient corporate governance in order to justify their performance for borrowing in a market driven economy. For institutional investors would also demand greater transparency and disclosure and inte

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