Financial crisis in East Asia has given a new dimension to corporate governance and an increasing, worldwide attention towards corporate governance has compelled the economies to develop a new framework of guidelines. The significant influence of corporate governance practices will help the corporate to perform better in the emerging markets. Ethical conduct, transparency and disclosure are vital ton a corporate to develop goodwill in the global market and also to retain its stakeholders. The performance of a company depends on its strategy, employee skill sets, the soundness of financial performance and the company’s governance principles. Boards must adopt better strategies to incorporate the best principles of corporate governance and review, monitor the employees and management on a regular basis and ensure compliance with the code. Corporate governance deals with both power and accountability. By following the guidelines, the economic health of corporations improves and simultaneously, the welfare of society also improves. This is what attracted the public interest. It covers the entire gamut of activities that influence the financial health of corporates. This book is structured as cases and country experiences and throws light on corporate governance practices in various industries and countries. It focuses on each functional area and their responsibility towards stakeholders. This act may promote understanding and give assurance to the outsiders and audit committees, and thus, help in monitoring performance. The latest guidelines adopted by these corporates and countries, and their influence on the global economy after post Enron episode are discussed in detail.
There are no reviews yet.