Corporate Governance is a term that is used to describe the policies, systems, and processes, which enable a company to run businesses in an ethical way. It is based on the principles of transparency, responsibility, accountability, leadership, and fairness. It focuses on the manner a company is operated and it covers all parts of a company. BookMyEssay has a team of corporate governance experts who can provide you with excellent writing assistance and guidance when you ask, who can write my homework for me on Corporate Governance Law related topic.
Why is Corporate Governance Law Important?
Corporate Governance law can enhance the accountability of a company and can avoid massive disasters. The importance of this law is discussed in our Corporate Governance Law assignment help as follows:
Changing the structure of ownership: The ownership structure has gone through several changes in the recent few years. Mutual funds, public financial institutions are the largest shareholders in many large companies. They force a company to use corporate governance. This way the management becomes transparent, efficient, and accountable. The change of ownership has resulted in corporate governance law.
Social responsibility: Social responsibility is given a lot of prominence. The Board of Directors protects the right of employees, customers, suppliers, shareholders, local communities, and suppliers. This is possible only through corporate governance.
Increasing number of scams: Many frauds, scams, and corrupt practices take place these days, Misappropriation and misuse of public money happen daily in India. This is happening in the banks, stock market, companies, financial institutions, and government offices. For avoiding these scams, companies began corporate governance.
Protecting the interests of shareholders: Generally, shareholders are not active in the management of the companies and their associations are not strong enough. Directors misuse their power. There is always a requirement for corporate governance for protecting the shareholders of a company.
Globalization: Many large companies sell goods in the foreign market. They attract foreign customers and foreign investors. They need to follow the foreign regulations and rules, This needs corporate governance.
Mergers and takeovers: Many mergers and takeovers take place in the business world. Corporate governance protects the interest of the parties involved in mergers and takeovers.
Need for Corporate Governance Law
Corporate Governance Law is required for creating a corporate culture of accountability, transparency, and disclosure. The need is highlighted in our help for assignment on Corporate Governance Law as follows:
Corporate performance: Improve corporate governance structures ensure decision-making, enhance the prosperity of companies, and encourage effective planning independent of the kind of company and its source of finance.
Enhanced investors: Investors think corporate governance vital when they evaluate companies for investment.
Accessing the global market in a better manner: It attracts investments globally.
- Combats corruption
- Easy financing from financial institutions
- Minimized risk of corporate scandals and corporate crisis