Corporate Governance and Its Relation to Business

IJCRT, 2018

12 Pages Posted: 21 Aug 2020

See all articles by Dr. Neeraj Kumar Sharma

Dr. Neeraj Kumar Sharma

Poonam Shodh Rachna; SSRN; Singhania University

Date Written: February 28, 2018

Abstract

Corporate Governance and business has wilt the focus for the 21st century. Corporate governance is well- nigh the way power is exercised over corporate entities. Business will ensure that the way companies are governed upstanding dimensions and power is exercised over them. In other words, business values is inherently part of corporate governance . It is not an optional exercise in corporate citizenship . In today’s environment stakeholders have upper expectations that companies should be run in vibrations with good corporate governance practices . As a practical matter, many companies recognize that to encourage positive behaviour and repeat business with their customers , they need to undertake their business in the right way. Companies therefore yank up their values, embed them with their employees , and monitor that they do business equal to them, knowing they will be held to worth if they do not. The values espoused include for example integrity ,honesty and openness . However not all companies do this. The questions of what is the “right way to run a business” are inherent in all aspects within corporate governance which will include an upstanding focus. Corporate governance lies at the very heart of the way businesses are run. The extent to which business decisions reflect values and principles is a key to long term success. The vendible focuses on various dimensions and obligations and ultimately looks at variegated elements and stages in relationship to various practices . A focus of Friedman ’s theory is moreover provided and ultimately the characteristics of the King Report on Corporate Governance is reflected and discussed .

Keywords: Corporate governance, Business

JEL Classification: M

Suggested Citation

Sharma, Neeraj Kumar, Corporate Governance and Its Relation to Business (February 28, 2018). IJCRT, 2018, Available at SSRN: https://ssrn.com/abstract=3676834

Neeraj Kumar Sharma (Contact Author)

Poonam Shodh Rachna ( email )

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HOME PAGE: http://poonamshodh.in

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Singhania University ( email )

India

HOME PAGE: http://https://singhaniauniversity.co.in/

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