The term ‘corporate governance‘ raises a debate: is it an analogy or just a metaphor? Could it be considered a discipline on its own or is it a part of business ethics? This is a question of etymology rather than of corporate Iegalese. Pundits of different disciplines, like economics, management, law and political science, considered the corporate a social mechanism necessary to carry out the day-to-day activities of life. However, the statement might not be
accepted by traditionalists who consider the corporate simply as a vehicle of investment. Vlfl Gossett, Vice—President in General Council of the Ford Motor Company, once said ‘The modern corporation is a social and economic institution that touches every aspect of our lives; in many ways it is an institutionalised expression of our way of life. During the past 50 years industry in corporate form has moved from the periphery to the very centre of our social and economic existence. Indeed it is not inaccurate to say that we live in a corporate society’. This book, written in a lucid style, aims to provide the reader with a quick overview of the subject. It explains the need for corporate governance. The book records the perceptions of different authors across the globe with the aim of giving the reader as comprehensive a picture as possible.
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