A Board Culture of Corporate Governance

May 29th, 2015
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Adelphi University
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The aim of "Good Corporate Governance" is to ensure commitment of the board in managing the company in a transparent manner for maximizing long-term value of the company for its shareholders and all other partners. It integrates all the participants involved in a process, which is economic, and at the same time social.

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Swapnil Patel11377Corporate Strategic ManagementCorporate Governance,Legal framework and Practices in IndiaConcept and ObjectivesCorporate Governance may be defined as a set of systems, processes and principles which ensure that a company is governed in the best interest of all stakeholders. It is the system by which companies are directed and controlled. It is about promoting corporate fairness, transparency and accountability. In other words, 'good corporate governance' is simply 'good business'. It ensures: Adequate disclosures and effective decision making to achieve corporate objectives;Transparency in business transactions;Statutory and legal compliances;Protection of shareholder interests;Commitment to values and ethical conduct of business.In other words, corporate governance is the acceptance by management of the inalienable rights of shareholders as the true owner

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