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Corporate Governance -Self regulation vs legislation –a case study   Debabrata Chatterjee

Corporate Governance -Self regulation vs legislation –a case study

84 страниц. 2012 год.
LAP Lambert Academic Publishing
The importance of codification of good Corporate Governance practices having mandatory force cannot be mitigated. But in order to ensure implementation and compliance in true spirit, Corporate Governance practices need to be legislated by one regulator or body only to avert duplicity, confusion and uncertainty. The necessity of mandatory Corporate Governance practices, however, leads to another significant question is mere compliance of legislated Corporate Governance practices an ideal situation. The compliance with legislated Corporate Governance practices must be considered as Corporate Governance practices must be considered as Corporate Governance practices at minimum level. It, therefore, cannot be an ideal situation. What is desired, now, is change in perception of persons charged with governance. It is for the corporate world to set up precedents of implementing unique and distinctive Corporate Governance practices as a leader to be followed by everyone. The regulatory...
 
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