Importance Of Good Governance

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A STUDY ON IMPORTANCE OF TECNOLGY AND IT RISK MANAGEMENT IN CORPORATE GOVERNANCE. (REVIEW PAPER) JYOSTNA DEVI GURRALA Research Scholar, Dept of HRM, Acharya Nagarjuna University. Abstract “Doing well to society is doing well to the business”. This simple mantra is now well reached to all companies. Good governance facilitates efficient, effective and entrepreneurial management that can deliver stakeholders value over the longer term. It is about commitment to values and ethical business conduct. It is a set of laws, regulations, processes and customs affecting the way a company is directed, administrated, controlled or managed. Good corporate governance underpins the success and integrity of the organizations, institutions and markets. It is one of the essential pillar for building efficient and sustainable environment. Corporate Governance is based on the principles of integrity, fairness, equity, transparency, accountability and commitment to values. Good governance practices stem from the culture and mindset of the organization. Effectiveness of the Corporate Governance in a Company depends on regular review, preferably regular independent review. As stakeholders across the globe evince keen interest in the practices and performance of companies, Corporate Governance has emerged on the centre stage. In short Corporate Governance is about promoting corporate fairness, transparency and accountability . Over the years, Corporate India has played a significant role
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