The Practice Of Corporate Governance In Various Companies
- IJLLR Journal
- 24 minutes ago
- 1 min read
Sayak Mukherjee, Amity Law School, Amity University, Kolkata
Saptarshi Samajhder, Amity Law School, Amity University, Kolkata
ABSTRACT
The corporate world and how companies are run go hand in hand. They really help shape the economy we see today. Companies follow certain rules and guidelines that keep them in check. This is known as corporate governance. Corporate Governance is all about how business are directed and controlled. It helps in making sure that the decisions taken are fair, open, and responsible. It brings together different people like owners, managers, customers, employees, and those who set the laws. When governance is done right, companies perform better and can avoid serious problems. It also helps investors feel secure, making them more likely to invest in long term.
Businesses are in it for profit and often compete with each other. But they can’t just do whatever they want. The government and other groups set up rules to stop cheating, unfair practices, and behavior that’s not right. There are different ways companies keep things ethical. Things like the board of directors, social responsibility programs, and followings laws help a lot.
As the world becomes more connected and tech – savvy, new challenges pop up. Issues like cybersecurity protecting personal data, and caring for environment has become top concerns. To tackle these issues, governments and companies need to team up. They must ensure everyone must follow the rules and works ethically and does business responsibly. This teamwork helps drive economic growth and benefits society as a whole.
