TRANS Asian Journal of Marketing & Management Research (TAJMMR)
Year : 2012, Volume : 1, Issue : 1
First page : ( 29) Last page : ( 38)
Online ISSN : 2279-0667.

Corporate governance practices-Emerging trends

Dr. Rajendran V.

Principal, Shanmuga Industries Arts & Science College, Manalurpet Road, Thiruvannamalai-606603, India

Online published on 11 July, 2017.

Abstract

In the last few years, the subject of corporate governance has come to the force. The governance mechanism in each country and corporate is shaped by various factors like political, economic and social history, legal framework, values and ethics of the promotes, managerial practices etc., The Business entities, Banks, Corporations financial institutions around the world are increasingly relying on corporate governance as means to achieve highest standards to raise the confidence level of people. The terms “corporate governance” has now become common parlance but its usage has not been very consistent, as the corporate have assimilated the concept in their own way based on their values and ethics. Good corporate governance practice would assist the corporate to develop a credible opinion on its management quality and responsiveness towards the interest of all its financial stakeholders. Improved perception of investors may in turn influence its valuation and facilitate rising of funds at favorable terms. The corporate governance practice in the financial sector also improves the comfort level of the statutory authorities and regulators. It can also be used as a check to determine the relative standing of the company with respect to the benchmarks of best corporation practices in the industry. This alone can help the corporate to survive in the globalized era.

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