Corporate Governance: An Introduction

Shital Jhunjhunwala ()
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Shital Jhunjhunwala: University of Delhi

Chapter Chapter 1 in Corporate Governance, 2023, pp 1-23 from Springer

Abstract: 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.

Keywords: Corporate governance; Stakeholder; Model; Framework; Principles; Anglo-Saxon; Continental European; Japanese Hybrid model; Communist model; Family-based model (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-981-99-2707-4_1

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