Corporate Governance in New Jacket by SEBI on Company Amendment Act, 2013

Corporate governance shapes the growth and the future of any capital market and economy attracting public attention in India to the halls of academia finding acceptance for its relevance and underlying importance in the industry and capital markets, Progressive firms in India. Corporate governance and related issues is an expected outcome of a process, firms shift to financial markets as the paramount source for capital recognizing that corporate governance is obligatory to market discipline capital flows a company that does not promote a culture of strong, misunderstanding, risks, a company’s management, directors and its financial reporting system boards provide stewardship of companies, they play a significant role in their efficient functioning. India has shown that markets and investors well-managed companies respond positively, reward, higher valuations allow adequate freedom to the boards and management to take decisions towards the progress of their companies and to innovate, a framework of effective accountability system of good corporate governance. Strong corporate governance is thus indispensable to elastic and exciting capital markets and is an important instrument of investor protection. It is the blood that fills the veins of transparent corporate disclosure and high-quality accounting practices moves a possible and available financial treatment. The securities of their companies by the insiders, especially directors and other senior executives, such procedures, reporting requirements and rules corporate to other entities in the financial markets such as Stock Exchanges, Intermediaries, Financial Institutions, Mutual Funds, and concerned professionals have access to inside information dealt with in a comprehensive manner, by SEBI corporate governance involves besides shareholders, all other stakeholders in particular that of the shareholders and investors, because corporate governance prime constituency of SEBI control and reporting functions of boards, the roles of the various committees of the board, the role of management, special significance when viewed from this perspective. Corporate governance is from the contribution that good corporate governance makes to the efficiency of a business enterprise, to the creation of wealth and to the country’s economy.

Keyword: Corporate governance, Company, Investor, Shareholders, SEBI, Report, Management, Security, Director, Company Act, 2013.

Monika Jain

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