concept of Corporate Governance

This led to the concept of Corporate Governance. Impact of bad governance of corporations is not only limited to the corporation itself but also significantly impacts other stakeholders like – the country, suppliers, customers, employees and society. The Institute of Company Secretaries of India defines Corporate Governance as “Corporate Governance is the application of best management practices, compliance of law in true letter and spirit and adherence to ethical standards for effective management and distribution of wealth and discharge of social responsibility for sustainable development of all stakeholders”



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