Growing Necessity in Business Organizations

At DIPAK BHATBHAGE AND COMPANY Chartered Accountants ,

Corporate governance refers to a combination of laws, regulations, procedures, implicit rules and voluntary practices which help companies to  perform efficiently and maximize long term value for shareholders and at the same time looking after the interests of other stakeholders like buyers, government, society at large etc. Lenders whether national or international, also look for them for taking exposure in any corporate. It is a function of  transparency and fairness in operations and  making proper disclosures.

Company as a  business organization has become popular over the years.  With the growth in size of these corporates, governance has become all the more  important. SEBI and listing agreements of various stock exchanges require that the requirements of corporate governance are duly complied with.