Corruption

MACRO ECONOMICS

CORRUPTION

CORPORATE GOVERNENCE

Submitted To

ME – Dr Harnita Chowdhary

Submitted By:

Anand Tiwari (07)

Anandita Thakur (08)

B.Sravanthi (10)

Priyam Sharma (30)

Sunaina Dhaiya (46)

Yukti Mittal (51)

Divya Pandey (52)

Neeharika Rai (65)

Philosophy of Corporate Governance

In India, it was Mahatma Gandhi who captured the essence of the concept as

“The end does not justify the means.”

TABLE OF CONTENTS

1. Introduction to corporate governance

2. Corporate Governance in India

* Factors for the Emergence of CG in India

* Requirements for CG

* Regulators for CG

* Journey of CG in India

* C G Awards in India

* Indian Realities

* Welcome Initiatives

* Realities-Problems-Challenges

3. Corporate Governance comparison

* India and US

* India and UK

* India and China

4. Rating for corporate governance practices

* Where India Stands-CG

5. Suggestions

6. Conclusions

1. INTRODUCTION

Corporate governance is nothing more than how a corporation is administered or controlled. Corporate governance takes into consideration company stakeholders as governmental participants, the principle participants being shareholders, company management, and the board of directors. Adjunct participants may include employees and suppliers, partners, customers, governmental and professional organization regulators, and the community in which the corporation has a presence. Because there are so many interested parties, it’s inefficient to allow them to control the company directly. Instead, the corporation operates under a system of regulations that allow stakeholders to have a voice in the corporation commensurate with their stake, yet allow the corporation to continue operating in an efficient manner. Corporate governance also takes into account audit procedures in order to monitor outcomes and how closely they adhere to goals and to motivate the organization as a whole to work...