CORPORATE GOVERNANCE : ISSUES AND CHALLENGES

Abstract

In this era of globalization of Indian Businesses and open market policies Indian Corporate are realizing the need for initiation of good corporate governance practices in the organization so as to create a total enterprise value which is not possible in a short period of time. In fact in India corporate governance norms and guidelines are fairly robust and India has consistently a high ranker on the corporate governance regulation charts in Asia. This paper deals with the exploratory concept of corporate governance at large. The paper begins with the concept of corporate governance and moves on to discuss the various issues related to corporate governance and the variation in the national corporate governance system and the degree to which the group of stake holders influences the strategic decisions that impact substantially so as to build the image of the company. It also reflects on the corporate social responsibility as a new mantra for corporate for good corporate governance system.