Corporate Governance – In Wider Perspective

Abstract

Any business has to be so conducted that the final benefit percolates to all stakeholders across the value chain. Most importantly it can not be said and done without the intervention of a legal structure, principles and directives and moreover a strong surveillance mechanism which is followed by an enforcement system. So the requirement of such a legal framework seems to have the requirement of an wider pasture which should encompass almost all areas of activities of the representatives starting from their appointment and covering every dimension of their functioning and decision making.

This should also be understood that such practices in any country should be in line with the best practice codes in the countries having the major share in the  world's  trade, mostly the European countries and USA. In the following sections we will discuss this issue in greater details and we will look at this in a wider perspective.