HISTORY & NEED OF CORPORATE GOVERNANCE

May 29th, 2015
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Arcadia University
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In contemporary business corporations, the main external stakeholder groups are shareholders, debt holders, trade creditors, suppliers, customers and communities affected by the corporation's activities. Internal stakeholders are the board of directors, executives, and other employees. Much of the contemporary interest in corporate governance is concerned with mitigation of the conflicts of interests between stakeholders. Ways of mitigating or preventing these conflicts of interests include the processes, customs, policies, laws, and institutions which have an impact on the way a company is controlled. An important theme of corporate governance is the nature and extent of accountability of people in the business.

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Ques. 1 : What do you mean by Corporate Governance ? differentiate between Corporate Governance & Corporate Management.Ans : Corporate governanceinvolves regulatory and market mechanisms, and the roles and relationships between a companys management, its board, its shareholders and otherstakeholders, and the goals for which the corporation is governed.Lately, corporate governance has been comprehensively defined as "a system of law and sound approaches by which corporations are directed and controlled focusing on the internal and external corporate structures with the intention of monitoring the actions of management and directors and thereby mitigating agency risks stemming from the devious deeds of these corporate officers"In contemporary business corporations, the main external stakeholder groups are shareholders, debt holders, tradecreditors, suppliers, customers and communities affected by the corporation's activities. Internal stakeholders are theboard of directors,executives, and other employees.Much of the contemporary interest in corporate governance is concerned with mitigation of the conflicts of interests between stakeholders.Ways of mitigating or preventing these conflicts of interests include the processes, customs, policies, laws, and institutions which have an impact on the way a company is controlled.An important theme of corporate governance is the nature and extent ofaccountabilityof people in thebusiness.A related but

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