Home
Class 11
BUSINESS STUDIES
What is corporate governance ? Why a bus...

What is corporate governance ? Why a businessman must assume corporate governance ?

Text Solution

Verified by Experts

Corporate governance is related to social responsibility . It is also known as Corporate Social Responsibility (CSR) , It insists on meeting legal, ethical , commercial and other expectations of society by a businessman.
A company or businessman must assume corporate governance due to following reasons:
(i) Long-term interest business (ii) Public support
(iii) Threat of government regulation. (iv) Impact of consumer awareness
(v) to overcome labour problems.
Promotional Banner

Topper's Solved these Questions

  • SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

    SUBHASH DEY|Exercise Guidelines To Ncert Questions|10 Videos

  • SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

    SUBHASH DEY|Exercise Short Answer Questions|5 Videos

  • SOCIAL RESPONSIBILITIES OF BUSINESS AND BUSINESS ETHICS

    SUBHASH DEY|Exercise Very Short Answer Question|16 Videos

  • SMALL BUSINESS AND ENTERPRISES

    SUBHASH DEY|Exercise Long Answer Questions|11 Videos

Similar Questions

Explore conceptually related problems

In the case of Satyma Ltd. Whereby its top official had put the interest of shareholder at stake . In spite of the dominant role of profit in the running of business today, there is a growing realization all over the world that now it is very important for every business to assume Corporate Governance . Illustrate with reasons.

What obligations does a businessman have towards the government ?