Description

About the Book

The new edition of this book offers an indispensable guide to the key concepts of corporate governance every student and business professional should know. The authors explain the importance of the corporate form of business organization in the light of economic and market implications. They shed light on the legal obligations of directors, the nuances of board selection, and the available methods of board and corporate organization. There is discussion of the methods employed for the selection, performance appraisal, compensation, and succession planning for the CEO. There is coverage of the board’s role in strategy formulation, related business plans, and the means employed to finance a corporation. The authors also examine how boards should deal with external events, such as hostile takeover attempts, shareholder activism, proxy fights, and class action lawsuits. Authors have taken special pain to correct all major and minor mistakes and incorporated all necessary suggestions and comments of the readers in this edition and they are fully convinced and confident that this study would be indispensable for policy-makers, academicians as well as the ordinary readers having keen interest in the functioning of Corporate World.

About the Authors

Dr. Surya Narain Yadav is an eminent social scientist specialising on contemporary socio-economic issues having impact on the post-cold war international order. Governance, Social Responsibility of Business and Development are his key areas of research investigation. The author visited Portugal (Europe) in 2001, and Uganda (Africa) in 1999 and 2000 for undertaking academic and research assignments. The author was nominated for the Chinese government fellowship, a joint research programme by the Ministry of Human Resources Development (Government of India)  and the Government of the People’s Republic of China in the year 2001.

Dr. P.V. Khatri is a Senior Faculty Member in the Department of Commerce, Swami Shradhanand College, University of Delhi. He has been associated with teaching and research on consumer affairs, consumer protection laws, social responsibility of business, corporate laws and governance in various institutions of higher learning including Indira Gandhi National Open University (IGNOU), Indian Law Institute (Deemed University) and Indian Institute of Public Administration (IIPA).