Abstract

Comprehending Corporate Governance–Global and National Perspectives

Dr. Ramavath Nageswar Rao

Volume: 15 Issue: 3 2025

Abstract:

Corporate Governance paves the way for internal and external transparent mechanisms. The significance of corporate governance for the stability and equity of society lies in its management. A corporation is congregation of various stakeholders, employees, vendor partners, investors, society and government. The main objective of corporate governance is to promote responsible and transparent business practice maintaining success of the company and harmony with society. Global trade and interests in investment overseas paved the way for the infamous South Sea Bubble of the3 1720. Codes and Regulations designed to develop corporate governance in many countries. To maintain accountability, transparency and honest management among corporations, the corporate governance in India follows best practices world over. Hence, Companies Act 2013 acts as basic legislation prescribes how companies ought to function. The theories of corporate governance such as Agency Theory and Stewardship theory created consciousness of corporate governance problems. Some of the popular models are-Anglo American Model, The German Model, The Japanese Model and The Indian Perspective. Cadbury Report, OECD and the Sarbanes -Oxley Act of 2002 provided corporate discourse on corporate governance. Good Corporate Governance provides the sustainability resilience and corporate social responsibility (CSR).

DOI: http://doi.org/10.37648/ijrssh.v15i03.012

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