The pioneering report on Corporate Governance was framed by the CADBURY Committee set up in May 1991 by the London Stock Exchange.
This committee was set up to prevent the recurrence of corporate failures, which arose primarily out of poorly managed business practices.
committee submitted its report on “Code of Best Practices” in December 1992, wherein it spelt out the method of governance needed to achieve a balance between the essential powers of the Board of Directors and their proper accountability.
Monday, November 30, 2009
corporate governance
Corporate Governance
Corporate governance is about maximizing shareholders value legally, ethically and on a sustainable basis, while ensuring fairness to every stakeholder – the Company’s customer employee, investor, vendor –partner, government of the land and the community. Corporate governance is a reflection of a company’s culture, policies, its relationship with stakeholders and its commitment to values.
Corporate governance is about maximizing shareholders value legally, ethically and on a sustainable basis, while ensuring fairness to every stakeholder – the Company’s customer employee, investor, vendor –partner, government of the land and the community. Corporate governance is a reflection of a company’s culture, policies, its relationship with stakeholders and its commitment to values.
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