Question

explain the idea of corporate governance in the Indian context​

Answer 1

Answer:

Corporate Governance in India is a set on internal controls, policy and procedures which form the framework of a company's operations and its dealings with various stakeholders such as customers, management, employees, government and industry bodies. ... It is indeed a proud moment for the Indian corporate sector.

Answer 2

Explanation:

(1) “Corporate governance means that company managers its business in a manner that is accountable and responsible to the shareholders. In a wider interpretation, corporate governance includes company’s accountability to shareholders and other stakeholders such as employees, suppliers, customers and local community.” – Catherwood.

(2) “Corporate governance is the system by which companies are directed and controlled.” – The Cadbury Committee (U.K.)