Corporate Governance is one of the key elements of operating in the right manner, especially with the emergence of global conglomerates. It is the need of the hour with complex structures, globalisation and mammoth organizational sizes making it tougher than ever to regulate externally. Companies that fail to regulate themselves and operate in a fair and transparent manner end up perishing with time. Theoretically, corporate governance is a set of rules, practices and processes that exist to regulate and operate a company. They are systematically performed to ensure that the desired equilibrium is attained between fulfilling the obligations towards all the stakeholders including, but not limited to shareholders, financiers, auditors, vendors, customers, employees, government and the general public/ community. It encompasses every possible function at every level from A-Z such as fiscal responsibilities, risk forecast and management, consumer satisfaction, environmental awareness and duties, ethical goals, legal aspects and the greater good…
