Corporate governance chapter pdf

The Organisation for Economic Co-operation and Development (OECD) has been recommending Principles of Corporate Governance since 1999 to ‘improve the legal, regulatory, and institutional framework for corporate governance, with a view to supporting economic efficiency, sustainable growth and financial stability’

Corporate Governance Codes: In 1990, major corporate scams in the UK shook the investment world and the first code of corporate governance was introduced by Sir Adrian Cadbury to check excessive powers of the executives in the form of what is popularly known as the Cadbury Report ( 1992 )