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Corporate governance and human resource management 6. Necessity of judicial reforms 8. Globalization helping Indian companies to become global giants based on good corporate governance.
Lessons from Corporate failure 1. Value based corporate culture: For any organization to run in effective way, it needs to have certain ethics, values. Long run business needs to have based corporate culture. Value based corporate culture is good practice for corporate governance.
It is a set of beliefs, ethics, principles which are inviolable. It can be a motto i. A short phrase which is unique and helps in running organization, there can be vision i.
This holistic view is more or less godly, religious attitude which helps in running organization. It is not easier to adopt it, it needs special efforts and once adopted it leads to developing qualities of nobility, tolerance and empathy.
Disclosure, transparency, and accountability: Disclosure, transparency and accountability are important aspect for good governance.
Timely and accurate information should be disclosed on the matters like the financial position, performance etc. Corporate Governance and Human Resource Management: For any corporate body, the employees and staff are just like family.
For a company to be perfect the role of Human Resource Management becomes very vital, they both are directly linked.
Every individual should be treated with individual respect, his achievements should be recognized. Each individual staff and employee should be given best opportunities to prove their worth and these can be done by Human Resource Department. Thus in Corporate Governance, Human Resource has a great role.
Every Corporate body needs to take risk of innovation i. Necessity of Judicial Reform: Our judicial system though having performed salutary role all these years, certainly are becoming obsolete and outdated over the years.
The delay in judiciary is due to several interests involved in it. But then with changing scenario and fast growing competition, the judiciary needs to bring reforms accordingly.
It needs to speedily resolve disputes in cost effective manner.The purpose of my study is to find out the basic differences between the public and private bank to have an accurate estimate of the number of employees required, with matching skill requirements to meet organizational objectives.
Once, the good Corporate Governance will be achieved, the Indian Corporate Body will shine to outshine the whole world.
(Sonali Soni, 3rd year Student of Chanakya National Law University, Patna, is top prize winner of “INDIACSR Essay Writing Competition on Corporate Governance in India”. The Handbook of Board Governance – read my Chapter 21, The Individual’s Role in Driving Corporate Governance. Current focus: proxy access lite bylaws that don’t meet CII best practices & driving more democratic forms of corporate governance.
International Comparison of Selected Corporate Governance Guidelines and Codes of Best Practice i The attached analysis compares corporate governance guidelines and codes of best practice in place in selected countries, and is organized in accordance with the Key Agreed Principles to Strengthen Corporate Governance for U.S.
Publicly . Corporate governance is defined as the system by which business entities are monitored, managed and controlled. Corporate governance practices have become an essential prerequisite for the ability to acquire and retain financial resources necessary for restructuring long term investment and sustainable growth.4/4(1).
The comparison of corporate governance practices in Indian Essay Sample. The purpose of this chapter is to describe the research methodology of this study. Since the aim of the study was to test the comparison of corporate governance practices in Indian Public & private sector companies and abroad companies.