IMPACT OF CORPORATE GOVERNANCE ON INDIAN STOCK MARKET- WITH REFERENCE TO CEMENT COMPANIES
Keywords:
Corporate Governance, Challenges, Stock Market, Cement IndustriesAbstract
Corporate governance coordinates the economic and social goals. It involves promotion of the compliance of law and spirit ethical conduct. Corporate Governance is an overview of rules and regulations for the people in-charge of an incorporated firm. They are the ones who agree to take responsibility towards the shareholders. Without corporate governance no corporate entity can survive for a long time in the corporate world. Now every organization/corporate are paying vast attention on corporate governance. In some organizations they also prepare separate brochures on corporate governance; which makes all the rules, regulations and procedures on corporate governance clear to all related parties budgets for corporate governance. In this era of globalization Indian Corporate are realizing the need for initiation of good corporate governance practices so as to create a total enterprise value which is not possible in a short period of time. Although India has constantly a good ranker on the corporate governance regulation charts. But it still has a long way to go. In this paper we will study the concept and principles of corporate governance along with its importance from the viewpoint of India.
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