Effectiveness Of Board and Its Impact On Financial Growth – A Study On Implications Of Corporate Governance In Selected Firm Of Bangalore

Malini M V

Abstract


The process of decision making within and between the governing bodies of an organization is improved by good corporate governance practices. This helps in enhancing the efficiency of the business operations and the financial performance of the organization. The board of directors plays a vital role in maintaining organizational efficiency in terms of profit and financial growth. In this context, the selected five companies still debates on corporate governance practices with respect to board composition, particularly, board independence and transparency. Even though there are guidelines in mandating number of independent directors, the association between board composition and performance are yet to be established. The purpose of this study is to examine corporate governance practices of selected companies and identifying how the effectiveness of board with respect to its independency and transparency influence the financial growth of selected companies of Bangalore.

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