Effective Corporate Governance in Public Companies: A Need of the Hour
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National Law University and Judicial Academy, Assam
Abstract
Corporate governance ensures transperancy, accountability and as a result protects stakeholders' cnfidence in the company. In this globalising era, the investors across the globe want to invest in those countries whose corporate governance mechanism is efficiently codified. In India, corporate governance has been incorporated in the Companies Act, 2013 and the Listing Regulation 2015. Through this amendments to the corporate laws , the corporate governance system in India have developed well.
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Corporations have become the backbone of most of the Nation's economy. Countries have moved from agricultural development to industrial development. The Economic develoment of a country is now based on the development of the industries. Therefore, the corporations must run efficiently to meet up this criterion.
Keywords
Corporate Governance, Globalization, Investors, Public Companies, Companies Act, 2013