International Journal of Advanced Research and Development

International Journal of Advanced Research and Development


ISSN: 2455-4030

Vol. 2, Issue 5 (2017)

Corporate governance practices in steel industry

Author(s): Vinay Goyal, Dr. Radhey Shyam Sharma
Abstract: Good corporate governance is characterised by a firm commitment and adoption of ethical practices by an organisation across its entire value chain and in all of its dealings with a wide group of stakeholders encompassing employees, customers, vendors, regulators and shareholders (including the minority shareholders), in both good and bad times. To achieve this, certain checks and practices need to be whole-heartedly embraced.
Corporate governance at steel companies has been a continuous journey and the business goals of the companies are aimed at the overall well being and welfare of all the constituents of the system. These companies have laid a strong foundation for making corporate governance a way of life by constituting a board with balanced mix of experts of eminence and integrity, forming a core group of top level executives, inducting competent professionals across the organisation and putting in place best systems, process and technology.
Pages: 151-156  |  941 Views  447 Downloads
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