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Corporate Governance: An Introduction

In: Corporate Governance

Author

Listed:
  • Shital Jhunjhunwala

    (University of Delhi)

Abstract

Broad understanding of Corporate Governance, its Models and Principles No company can sustain for long without proper governance. Corporates, because of their size, impact a large number of stakeholders, which is why their governance becomes a matter of concern. Corporate governance specifies the distribution of rights and responsibilities among different participants in the corporation. It also spells out the rules and structures for achieving the company objectives and the manner of decision-making. Different models have been adopted across the world institutionalizing the legal, economic, political and social environment of the country. These include the Anglo-Saxon one-tier model, the Continental European two-tier model, the Japanese Hybrid model, the Communist model and the family-based model prevalent in Asian countries. The OECD Principles of Corporate Governance—Effective Framework; Shareholders Rights; Market and Intermediaries; Role of Stakeholders: Disclosure and Transparency; and Board Responsibility—provide a basis for countries to develop a CG framework that will foster social and economic development.

Suggested Citation

  • Shital Jhunjhunwala, 2023. "Corporate Governance: An Introduction," Springer Books, in: Corporate Governance, chapter 0, pages 1-23, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-2707-4_1
    DOI: 10.1007/978-981-99-2707-4_1
    as

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