They believe as a large organisation; they have the responsibility and obligation to serve the society and the community In most cases this kind of relationship gives rise to a potential problem called the agency problem. Corporate governance took its initial phase in India during the economic liberalization in and the need for corporate governance increased with the changing business environments all over the world I seek to show the application of moral and ethical principles in corporate governance.
No longer are governments and lawmakers trying to deregulate and reduce the controls and disclosure requirements of corporations According to de Kluyver this book can help prepare individuals who wish to work with or serve on a board of directors and expand their perspective from a focus on management to one on governance.
Enofe, Amaria, and Hope express that corporate culture is the personality of your company p Initially, their board of directors should take responsible for the gorverance of companies, which include setting strategic aims of companiesguarantee an effective leadership, supervising the proformance of business management and reporting on it to shareholders.
Review from US corporations.