Global Trends in Corporate Governance

Contents: Acknowledgement. Preface. 1. Introduction. 2. Corporate Governance in India: Disciplining the dominant shareholder. 3. Internationally agreed principles for corporate governance. 4. Corporate governance principles for business enterprises. 5. Private sector development and corporate governance. 6. Transparency and corporate governance. 7. Positive corporate governance and its implications for executive compensation. 8. The challenges of adopting better corporate governance norms. 9. Trends in corporate governance. 10. Corporate social responsibility as a determinant of market success. 11. The Convergence of corporate governance and corporate social responsibility. Bibliography. Index.

Corporate citizenship: a commitment to ethical behavior in business strategy, operations and culture has been on the periphery of corporate governance and board leadership, linked mainly to corporate reputation. However, in today’s globalized and interconnected world, investors, creditors and other stakeholders have come to recognize that environmental, social and governance responsibilities of a company are integral to its performance and long-term sustainability. Today, these concerns help determine profits. For companies to operate successfully and sustain growth, boards must incorporate these new dimensions into their core decision-making processes.