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Topic : Corporate Governance
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Finance & Accounts

By : Avinash Singhal, Legal Consultant
Industry : Law Functional Area : Business Processes
Activity:  1 comments  1479 views  last activity : 07 06 2010 20:18:04 +0000
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In India the concept of corporate governance is gaining importance because of two reasons.

   A) After liberalization, there has been institutionalization of financial markets, FIIs, FIs and mutual funds become dominant players in the stock markets. The market began to discriminate between wealth destroyers. Corporate governance is a critical byproduct of market discipline.


   B) Another factor is the increased role being played by the private sector. Companies are  realizing that shareholders love to stay with those corporate that create values for their  shareholders. This is only possible by adopting fair, honest and transparent corporate  practices.


Please be free to comment, update or talk about the Corporate Governance in India here

 
1 comments on "Corporate Governance in India"
  Commented by  Priyanka C Kale, LLM student, Cardiff University    | 08 16 2009 06:43:26 +0000
Corporate collapses is also one of the reason which led to a call for the improvement in the corporte governance. Director's liability (executive and non-executive) is given more importance.Because directors failure to comply with their duties has been one of the important reasons behind the corporate collapses. Recent example is Satyam computer services which still demands for the good corporate governance
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