Duties of Directors - International comparison vis-a-vis India, by Institute of Public Enterprise, Hyderabad; 2016
Corporate governance is the system by which companies are directed and controlled. Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and directed. These governance structures identify the distribution of rights and responsibilities among different participants in the corporation. Corporate governance includes the processes through which corporations' objectives are set and pursued in the context of the social, regulatory and market environment. Governance mechanisms include monitoring the actions, policies and decisions of corporations and their agents. Corporate governance practices are affected by attempts to align the interests of stakeholders.
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