Regulatory Framework: to ensure corporate governance:

May 29th, 2015
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Abilene Christian University
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Dividend policy. Nevertheless "corporate governance," despite some feeble attempts from various quarters, remains an ambiguous and often misunderstood phrase. For quite some time it was confined only to corporate management. That is not so. It is something much broader, for it must include a fair, efficient and transparent administration and strive to meet certain well defined,written objectives. Corporate governance must go well beyond law. The quantity, quality and frequency of financial and managerial disclosure, the degree and extent to which the board of Director (BOD) exercise theirtrustee responsibilities (largely anethical commitment), and the commitment to run a transparent organization- these should be constantly evolving due to interplay of many factors and the roles played by the more progressive/responsible elements within the corporate sector. John G. Smale, a former member of the General Motors board of directors, wrote:

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Corporate Governance Good corporate governance is key to the integrity of corporations, financial institutions and markets, and central to the health of our economies and their stability. Corporate governance has become talk of the day in the corporate world, especially when there is financial crisis originated in the U.S.A. and some other countries due to poor governance of financial institutions. Therefore, now days corporate governance which is a mechanism to mitigate the clash of interests among the stakeholders of a corporation, has achieved further focus from regulatory groups. Corporate governance is concerned with the resolution of collective action problems among dispersed investors and the reconciliation of conflicts of interest between various corporate claimholders. DefinitionThe modern definition calls it structure of rules and exercise by which a board of directors ensures purity and transparency in the firm's combination with its all stakeholders. There are two contracts in the structure, such as- explicit and implicit. Principles of Corporate Governance: Key elements of good corporate governance principles include honesty, trust and integrity, openness, pe

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