SEBI has issued a consultative paper on review of Corporate Governance norms in India.
Concept of Corporate Governance
“Corporations pool capital from a large investor base both in the domestic and in the international capital markets. In this context, investment is ultimately an act of faith in the ability of a corporation™s management. When an investor invests money in a corporation, he expects the board and the management to act as trustees and ensure the safety of the capital and also earn a rate of return that is higher than the cost of capital. In this regard, investors expect management to act in their best interests at all times and adopt good corporate governance practices.
The Full Document can be downloaded here.
SEBI CONSULTATIVE PAPER ON REVIEW OF CORPORATE GOVERNANCE
