Types of Governance
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Corporate Governance |
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Aspect |
Description |
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Introduction / Concept |
Corporate Governance is the system of rules, practices, and processes by which a company is directed and controlled. It involves relationships between the company’s management, board of directors, shareholders, and other stakeholders. It is based on transparency, accountability, fairness, and ethics. |
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Background / Current Context |
Corporate governance reforms in India intensified after the 1991 economic liberalization. The Kumar Mangalam Birla Committee (1999), Naresh Chandra Committee (2002), and Uday Kotak Committee (2017) provided key recommendations. SEBI implemented LODR (2015) regulations. |
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Key Features |
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- 2 Contemporary Challenges
- 3 Recent Trends
- 4 International Perspective
- 5 Development Processes and Institutions
- 6 Government Policies and their Importance
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