Corporate governance upsc

Action plans, performance measurement, transparency standards, CEO compensation decisions, dividend policies, methods for reconciling conflicts of interest, and explicit or implicit contracts between the company and stakeholders are all examples of corporate governance processes

Give a conclusion by underlining the significance of corporate governance

Corporate governance essentially involves balancing the interests of a company's many stakeholders, such as shareholders, senior management executives, customers, suppliers, financiers, the government, and the community

In India, corporate governance initiatives have been undertaken by the Ministry of of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI)