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Q.

What is Corporate Governance...and how it works....

Tags: governance, corporate governance, news & events
Asked by Ramesh Jhanwar, 20 Aug '11 02:35 pm
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Answers (3)

 
1.

Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer groups, clients, and government regulations.
A well-defined and enforced corporate governance provides a structure that, at least in theory, works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards and best practices as well as to formal laws. To that end, organizations have been formed at the regional, national, and global levels.

In recent years, corporate governance has received increased attention because of high-profile scandals involving abuse of corporate power and, in some cases, alleged criminal activity by corporate officers. An integral part of an effective corporate governance regime includes provisions for civil or ...more
Answered by saranathan Narasimhan, 20 Aug '11 02:41 pm

 
  
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Corporate governance is a term that refers broadly to the rules, processes, or laws by which businesses are operated, regulated, and controlled. The term can refer to internal factors defined by the officers, stockholders or constitution of a corporation, as well as to external forces such as consumer groups, clients, and government regulations.
Answered by sachin acharya, 20 Aug '11 02:36 pm

 
  
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Business ethics and therefore business morality generally result from an individual's own moral standards in the context of the political and cultural environment in which the organisation is operating. There is a whole separate debate, of course, on which macro-economic system works best to deliver good corporate ethics and governance - especially currently after what some would argue as a failure in the capitalist model (regardless of your views it is clearly undergoing the most significant trauma for nearly a century). That is beyond the scope of this page, though, where we focus on the above definition, extrapolating on the various elements implied therein and opening up the debate to you, the visitor.

Three levels of business ethics

In our mission to define business ethics, Johnson and Scholes provide a useful way of classifying the diverse elements therein:

the macro level:
the role of business in the national and international orgnisation of society

the relative vi ...more
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Answered by anil garg, 25 Aug '11 11:09 pm

 
  
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