Descriptive
A study Corportae Goverance and Leadership
Riazuddin Ahmed
Assit Professor
AAKCBM
Hyderabad
Abstract
| | |
| |Purpose – The purpose of this paper is to review the literature on the corporat Goverance. |
The research purpose of this study is mainly descriptive since the main aim is to describe and to deeply understand the different type 1. Introduction: Traditionally defined as the ways in which a firm safeguards the interests of its financiers (investors, lenders, and creditors). The modern definition calls it the framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in the firm's relationship with its all stakeholders (financiers, customers, management, employees, government, and the community). This framework consists of explicit and implicit contracts between the firm and the stakeholders for distribution of responsibilities, rights, and rewards, procedures for reconciling the sometimes conflicting interests of stakeholders in accordance with their duties, privileges, and roles, and procedures for proper supervision, control, and information-flows to serve as a system of checks-and-balances. Also called corporation governance. See also Cadbury rules and governance
Corporate governance has traditionally been the way a corporation protects the interests of its shareholders and other financiers. However, with heightened attention on corporation social responsibility (CSR) in the 21st century, the definition of corporate governance has evolved. More focus goes to balancing shareholder interests with those of other key stakeholder groups, including customers, communities and suppliers.
Board of Directors
A corporation's board of directors manages the process of corporate governance. This is the group that
Riazuddin Ahmed
Assit Professor
AAKCBM
Hyderabad
Abstract
| | |
| |Purpose – The purpose of this paper is to review the literature on the corporat Goverance. |
The research purpose of this study is mainly descriptive since the main aim is to describe and to deeply understand the different type 1. Introduction: Traditionally defined as the ways in which a firm safeguards the interests of its financiers (investors, lenders, and creditors). The modern definition calls it the framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in the firm's relationship with its all stakeholders (financiers, customers, management, employees, government, and the community). This framework consists of explicit and implicit contracts between the firm and the stakeholders for distribution of responsibilities, rights, and rewards, procedures for reconciling the sometimes conflicting interests of stakeholders in accordance with their duties, privileges, and roles, and procedures for proper supervision, control, and information-flows to serve as a system of checks-and-balances. Also called corporation governance. See also Cadbury rules and governance
Corporate governance has traditionally been the way a corporation protects the interests of its shareholders and other financiers. However, with heightened attention on corporation social responsibility (CSR) in the 21st century, the definition of corporate governance has evolved. More focus goes to balancing shareholder interests with those of other key stakeholder groups, including customers, communities and suppliers.
Board of Directors
A corporation's board of directors manages the process of corporate governance. This is the group that