HISTORY & NEED OF CORPORATE GOVERNANCE

May 29th, 2015
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It enhances the performance of corporation, by creating an environment that motivates managers to maximize returns on investment, enhance operational efficiency and ensure long - term productivity growth. Consequently, such corporations attract the best talent on a global basis. It also ensures the confromance of corporations with the interests of investors and society, by creating fairness, transparency and accountability in business activities among employees, management and the board.

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CORPORATE GOVERNANCE - A COMPARISON IN TWO CAR MANUFACTURERS IN INDIA Corporate Governance [CG] in a corporate set up leads to maximize the value of the shareholders legally,ethically and on a sustainablebasis, while ensuring equity and transparency to every stakeholder - the company's customers, employees,investors, vendor - partners,the government of the land and the Community [Murthy - 2006]. A good CG is a must for ensuring therequired values to different stake-holder groups. It enhances the performance of corporation, by creating an environment that motivatesmanagers to maximize returns oninvestment, enhance operational efficiency and ensure long - term productivity growth. Consequently, suchcorporations attract the besttalent on a global basis. It also ensures the confromance of corporations with the interests of investors andsociety, by creating fairness,transparency and accountability in business activities among employees, management andthe board.A good CG increases public confidence in a corporation, and lowers the cost of capital forinvestment. Accounting is a means forestablishing and retaining CG. Accounting, as we all know, is a process of compiling information forreporting the internal affairs of anyentity to different stakeholders at the each of a cetain interval. It is defined as the language of business andcan play a vital role forensuring and continuing with CG. As a discipline, accounting practice is highly controlled by accounti

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