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Corporate Governance Report by Alea Consulting | ||||||||||||
New Delhi, Delhi, India Introduction The relationship between ownership structure, performance and demands of society, encourages companies to exercise a high degree of diligence in their governance. In order to have sustainable development, such practices must be integrated into the very ethos of the company and its business. From the long-term perspective, corporate governance improves performance, draws investment, which leads to the creation of jobs, wealth and consumer welfare.
Evolvement of Corporate Governance Recent corporate scandals in India, such as Punjab National Bank (February 2018), Saradha Group (2013) and the Commonwealth Games (2010) have highlighted the need for good corporate governance practices for restoration of public trust. Good governance aligns with the interests of all parties involved in the functioning of an entity. Corporate governance must flow from ethical business practices, even if there is an absence of concrete legislation to enforce it.
Best corporate governance practices are emerging all over the world, and the Indian government is implementing numerous enactments and regulations to protect investors and attract investment.
Digital solutions are introduced to strengthen the four pillars of corporate governance: 'Accountability', 'Fairness', 'Transparency', and 'Responsibility', making a determined push for e-governance through single point access to all information to reduce the role of Government employees; including Central Public Procurement Portal and Government E-Marketplace.
Several committees have been constituted by CII, SEBI and MCA to make recommendations, codes and guidelines on corporate governance:
Recent Key Events
Benefits of Good Corporate Governance
Key Challenges
Actualization of Corporate Governance Endeavors
Indian Companies Recognized for Corporate Governance
Statistics
About Alea Alea is a global risk mitigation and investigative consulting firm, which helps organizations reduce reputation and operational concerns. The firm has conducted significant assignments for international organizations and industries, including banking, education, EPC, financial services, healthcare & diagnostics, hotels, infrastructure, insurance, logistics, manufacturing, mining, pharmaceutical, power, real estate, renewable energy, retail and telecom.
Alea's risk mitigation services include: senior employee background checks, KYC/AML checks, corporate intelligence, investigative monitoring, asset searches, intellectual property protection, crisis management response, insurance & fraud investigations, litigation support and due diligence of business partners.
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