Corporate Governance and its Impact on Financial Crisis in India

Abstract

The term governance means to rule normative framework for exercise of powers and acceptance of accountability towards society, urban, rural and global views. The growing number of the corporations, shareholders, physical environment, overall impact on the society. Apart from the government assumed public, private, corporate houses etc. may be failing and shut down, to facilitate the financial crisis. In governance accountability is answerability, liability and the expectation. Political Accountability is the accountability of the government, civil servants and politicians to the public and to the legislative bodies, parliament, bureaucracy etc. Risk-management techniques, liberalization and increased transparency, corporate and financial crises continue to impact on the global economy. The policy-makers would like to impose a few limitations on the market as well as financial sector stability. International rules, regulation and standards play a significant role. Internationally recognized code of conduct related to the good corporate governance comparisons, analyses, complexity and development. The financial crisis represents a political as well as substantive challenge to policy. The impact of the crisis on judgments about corporate governance practices. Despite the use of sophisticated risk-management techniques, liberalization and increased transparency, corporate and financial crises continue impact on the global economy.