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Corporate Governance and Sustainability : Recent Developments

About the Event

Corporate governance( CG) sought to ensure that the management of a firm acts in the best interest of the investors for value enhancement and sustenance. In today’s dynamic world, this narrow view of CG limits its scope making it just an enforced system of law, rules, regulations and generally accepted accounting principles (GAAP), wherein the socio environmental considerations are given a low priority. Abroader interpretation of CG emphasizes that every business has certain degree of responsibilities toward different stakeholders, who provide the necessary resources for survival, competitiveness, and success of the former. Though the managers of the corporations are primarily accountable to the stockholders whose wealth and fortunes are at stake, but at the same time they are also responsible to employees, suppliers, customers, government and the communities whose investments in the company are equally significant in a number of ways. The interests of all stakeholders are to be served adequately by the corporations for long term value creation and sustenance. In this context the conclave strives to debate and deliberate on :

  1. Protection of shareholders’ right, and maintenance of their confidence in management in the matter of discharging the stewardship role of the latter, that ensures smooth flow of needed capital from the investing community
  2. To What extent and How, a corporation which is at the centre of a complex web of relationships, has an obligation or responsibility to the different stakeholders, both internal and external, in respect of skill development, environmental protection, legal compliance, safety, protection of human rights, equal opportunity, labour rights and community development.
  3. Sustainability reporting and audit.
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Event Date

March 25, 2023

Location

Jaipuria Institute of Management, Noida
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