What is Corporate Governance?
Corporate governance is a collection of rules and statutes that govern a business and sets the rights, obligations, responsibilities of the business entity and every one involved with it; be it the shareholders, management, stakeholders, government and every other person concerned. You can procure more information and insights into the subject by availing our help from our Corporate Governance Help Experts, who offer Corporate Governance Law Assignment Help.
When students write corporate Governance Law Essays they have to ensure that they are able to cover all aspects of corporate governance in the essay. Corporate Governance is necessary as there various individuals that are concerned with the functioning of a company such as shareholders, creditors, debenture holders, and the board of Directors. As such it is but natural for conflicts to arise between these parties. Corporate Governance allows for the resolution of such conflicts.
Scope of Corporate Governance
Financial Market: In order for a company to procure more funds to further its business, possibly from the financial market, it needs to list itself on the stock exchange. For this listing the company needs to fulfill certain legal requirements set forth in corporate governance. These technicalities are enshrined in corporate governance in order to ensure that a company does not infringe the right of the people investing their money in the company and neither does the company use the stock exchange to get unfair benefits. These rules form an important part of Corporate Governance Law Assignments.
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Auditing of Accounts: Corporate governance facilitates the auditing of the book of accounts of a company which is an examination of the book of accounts to ensure that there are no irregularities in the accounts and the money that is being shown in the balance sheet is accounted. What is achieved from this practice is that the government ensures that the company is not using any unfair means or illegal activities to earn money that no one in the company is embezzling money and finally that the company is not evading taxes that it owes to the government.
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Responsibilities that the Board of Directors Have to Bear: The Board members need to full fill the duties that fall on them by way of their being part of the board. These responsibilities include:
- They must make sure that selection of the Board is done ethically and transparently.
- Ensure that the general running of the company is done in the interest of the business concern.
- That they perform their duties and tasks that are allotted to them, with commitment and do not indulge in unethical activities.
- That they do everything in their power to protect the interests of the shareholders.
Corporate Social Responsibility (CSR): This is a major field based on which Corporate Governance Law Essays and Corporate Governance Law Assignments are based on and due to its complexity and vastness students require Corporate Governance Law Assignment Help. Corporate governance is a business model where in a business concern engages in business but does not undermine its social responsibility and thus there certain sets of ethics and moral that are ensure to be followed. CSR advocates that corporate houses keep a check on its own functions and ensures that they are conforming to the standards of law and ethics. CSR also promotes that a business entity avoids performing or indulging in activities that are detrimental to the society, social welfare and the environment.
But due to these responsibilities, a business entity is able to enjoy certain benefits of Corporate Social Responsibility.
- CSR promotes the company’s image and thus employees are driven to be associated to be with such an organization.
- It save a company from getting into any sort of legal issue with any concerned individual or entity such as shareholders, creditors or the government itself.
- It also helps in promoting the image of the company as a socially aware organization that in turns acts as a marketing strategy.
- The company can also save itself from getting investigated by the government agencies if it has a good reputation due to actively carrying out its corporate social responsibility.
When preparing Corporate Governance Law Assignments, these happen to be one of the key areas that are covered in the assignment. You can also get Corporate Governance Research Paper help from our Corporate Governance Law Assignment Help Experts. In the recent past there have been a string of corporate scams which have tarnished the image of business houses in general in the country. Also in these scams, innocent investors lost huge sums of money. As a counter measure the government has made more stringent rules for corporate governance. As such corporate governance has become the hot topic for Students studying corporate law.
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