Corporate Governance

The book makes an attempt to explain and appraise the concept of corporate governance with a broader approach which goes beyond committee reports and legal framework, towards the actual issues and problems faced in complying with the Corporate Governance Standards not only in letter but also in spirit. Suitable examples and case studies are given to enhance the understanding of the critical issues that require a delicate balance of what ought to be and what not. The book hopes to make a significant contribution in its own way by looking at the whole concept of corporate governance with a balanced perspective and makes a sincere effort to discuss the whole issue in an entirely new, innovative, interesting and thought provoking manner. The author hopes that the book shall be useful not only for the professionals and students but also for anyone one who has a stake in the corporate world.____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ContentsAcknowledgements Pgs—7Preface Pgs—9List of Abbreviations Pgs—151. Corporate Governance: An Evolving Concept Pgs—192. Corporate Governance – Post Globalization Scenario Pgs—343. Corporate Governance: The Concept Pgs—404. How the Concept Developed in India Pgs—635. Organizational Framework of Corporate Governance in India Pgs—856. The Board of Directors Pgs—1137. Committees of Board of Directors Pgs—1448. Role of Auditors in Corporate Governance Pgs—1579. Regulatory External Environment of Corporate Governance Pgs—18110. Corporate Social Responsibility: An Extended Dimension of Corporate Governance Pgs—20611. Rise of Shareholder Activism Pgs—22212. Other Issues in Corporate Governance Pgs—23713. Conclusion Pgs—255Bibliography Pgs—266Appendix 1 : Report of the Committee Appointed by the SEBI on Corporate Governance under the Chairmanship of Shri Kumar Mangalam Birla Pgs—269Appendix 2 : Report of the SEBI Committee on Corporate Governance Pgs—309Appendix 3 : Report of the Naresh Chandra Committee on Corporate Audit and Governance Pgs—345Appendix 4 : Clause 49 : Corporate Governance Pgs—377Appendix 5 : Corporate Governance Voluntary Guidelines, 2009 Pgs—399