Corporate Governance Structure: Issues & Challenges - Cases of Tata Sons & Infosys
Published: 2017
Author(s) Name: Nand L. Dhameja & Vijay Agarwal |
Author(s) Affiliation: Prof, Faculty of Management Studies, Manav Rachna International Univ., Faridabad, Haryana, India.
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Abstract
Companies incorporated under
Companies Act are characterized
by separation of ownership and
management. Besides shareholders,
stakeholders include banks/
financial institutions, Board of
Directors (BoD), employees, suppliers,
customers and regulatory
authorities. The companys operations
are in its interest and are
to mitigate conflict of interest of
the stakeholders. This entails
corporate governance, with the
essential characteristics of transparency
and accountability. Besides
the meaning and significance
of corporate governance,
this paper discusses the legal
aspects and practice relating to
the system of BoDs functioning
and the key tools of corporate
governance. It also analyses the
recent conflicting corporate governance
experiences of two leading
giant corporations in India
viz. Tata Group and Infosys.
Keywords: N.A.
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