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Corporate Governance


- Industry Challenges
- CFO Challenges
- Corporate Governance
- Risk and Compliance

Corporate governance is a reflection of the company’s culture, policies, relationship with stakeholders, commitment to values and ethical business conduct. In the same spirit, timely and accurate disclosure of information regarding the financial situation, performance, ownership and governance of the company is an important part of corporate governance.

With the emergence of new standards for corporate governance, companies will have to change their behaviour and values to match them. These standards include independent directors, external auditors, rotation of auditors, proper succession planning among others. In this era of globalization and liberalization, market forces play a crucial role. Liberalization in emerging economies has made access to foreign funds easier. Availability of foreign funds will lower the cost of capital. All companies will like this to happen, but the international lenders will be careful that the companies they lend to follow international norms and good corporate governance. These lenders will demand transparency. Also, with the growth of MNCs, these companies, which operate in different parts of the globe will need to maintain and adopt international standards to develop and maintain an international reputation. These factors will force companies to modify their behaviour and values to meet the norms of corporate governance.

 

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