IIPM : THE NEW FASHION TERM

IIPM PUBLICATION
The fall out of some major corporations like WorldCom, accounting frauds and governance failures in US and Europe ignited the debate on how to govern public listed companies, and encouraged the introduction of the most fashionable term used by regulators, namely, corporate governance. Corporate governance is basically the adoption of best possible management practices; as enumerated by acts like the SOX in US, and the Kumaramangalam Birla Committee closer home in India. Th ough SEBI’s dictats have been regular, many companies still fail to follow governance norms judiciously.

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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