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The Gandhian philosophy of trusteeship is a moral foundation of Corporate Governance. According to this philosophy, the wealth creators are trustees of society and they have a responsibility to look after all components of social, economic and natural environments. Those firms that have a broader aim than profit maximization focus on ethical practices in business, accountability towards stakeholders and the environment in which these operate. Primarily, transparency, accountability, responsibility and fairness are core guiding principles of Corporate Governance. Corporate Governance is significant for the organizations whose motives are long-term sustainability, growth and good corporate image.
This chapter is an attempt to study corporate governance and its impact on financial performance as well as the quality of financial reporting of top Indian companies. In this research, we examine the questions like What is the scope of corporate governance disclosure?, Does the corporate governance disclosure influence the financial performance of the company? and Is there any correlation between corporate governance disclosures and growth and profitability parameters of firm? and does corporate governance affect the quality of financial reporting?
This study contributes to creating awareness and assisting companies in achieving better performance in social and economic aspects. It also provides advice for policy makers for framing rules and regulations for better corporate governance.
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- Does Corporate Governance Affect the Financial Performance and Quality of Financial Reporting of Companies? A Study on Selected Indian Companies
- Chapter 7
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