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Role Of Board Of Directors And Their Challenges

Saakshi Sharma, NMIMS School of Law


The word ‘governance’ barely existed 3 decades ago. However, today it has become a word used commonly and not just in companies but also for charities, universities or local authorities. Generally, governance can be described as an action or manner of governing a state or organization. It has become an abbreviation for how an organization must be run with emphasis on accountability, integrity and risk management.

Corporate governance is a system through which companies are directed and controlled. The Board of directors are made responsible for the company’s right governance. The shareholders too play a role in the governance of a company. The shareholders appoint the auditors and directors in order to satisfy themselves that they have a proper governance structure in place. Responsibilities of a board comprise of fixing strategic aims of the company, leading the company to put the strategic aims into effect, supervising, business management and reporting to the shareholders. All actions of the board are subjected to laws, regulations and the shareholders in a general meeting.1


Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878


Accessibility: Open Access

License: Creative Commons 4.0

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​All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.


The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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