( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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CORPORATE GOVERNANCE: NEED TO REFORM

    2 Author(s):  SWATI SAXENA , NEHA SAXENA

Vol -  5, Issue- 6 ,         Page(s) : 224 - 233  (2014 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Ethics, morality and governance are the set of rules, regulations and bye laws are the frame work for ensuring truth and fairness in all the activities performed. Ethics and Morality are inter and intra disciplinary principles judging the behaviour and conduct of people in personal and professional environment. Corporate governance, the principle judging the conduct in the professional environment justifies the code of conduct for authority, accountability and responsibility towards various interested groups, hence Corporate Governance as a law should be set as a system driven activity rather than people oriented Act.

1 Corporate governance and international business: David Crowther and Shahla Seif.
2 Afra Afsharipour, The Promise and Challenges of India's Corporate Governance Reforms, University of California, Davis - School of Law 
July 14, 2010,Indian Journal of Law & Economics, Vol. 1, No. 1, p. 33, 2010 ,UC Davis Legal Studies Research Paper No. 223 .
3 Corporate Governance Mechanism and Issues In Emerging Economies - A Case Of India In Global Scenario.
4 Corporate Governance and Development: An Update
Stijn Claessens,International Monetary Fund (IMF); University of Amsterdam – Finance Group; Centre for Economic Policy Research (CEPR); Tinbergen Institute; European Corporate Governance Institute (ECGI).
B.Burcin Yurtoglu,WHU - Otto Beisheim School of Management, May 17, 2012, Focus 10, Global Corporate Governance Network, IFC. 
5 RBI/2012-13/6 Master Circular No. 6/2012-13 July 2, 2012 
        (Updated as on October 12, 2012)
6 Annual Report on Exchange Arrangements and Exchange Restrictions, 2006, IMF and other sources.
7 Due Diligence Under FEMA 
CA.Sudha G.Bhushan
8 http://en.wikipedia.org/wiki/Bhagavad_Gita

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