The companies are maintaining confidentiality in India Essay
Sorry, but copying text is forbidden on this website!
It is evaluated the corporate governance principles existed in India and at international level, it is found that clear corporate governance principles able to resolve the conflicts between owners and managers of the companies. (Refer Webliography 2, 3 & 4, bibliography corporate governance links 1, 2 & 3 Appendix 8 Table 31).
11. The present study indicates that majority of the companies are maintaining confidentiality and some of the companies’ information is not available regarding confidentiality.
12. The study shows that there is a strong framework of a code of conduct in all the companies.
13. Boardroom culture emerged in all the companies.
14. The study reveals that all the companies constituted the audit committee.
15. The study shows that remuneration committee constituted by all the companies.
16. The study revealed that majority of the companies they are not maintaining the information regarding the establishment of the grievance committee.
17. This study shows that majority of the companies they have share transfer system.
18. This study denotes the majority of the companies they appointed the compliance officer.
19. The study tells that every company is maintaining the disclosure document.
20. The study reported that all the companies they are maintaining transparency.
21. Every company they are having their websites.
22. The study revealed that majority of the companies they are having a whistleblower policy.
23. This study denotes that majority of the companies are not presenting the constitution of an ethics committee.
24. The study shows all the companies they are conducting meetings and taking attendance.
25. The study shows that majority of the companies they are not presenting the constitution of HRM committee.
26. It shows that Information is not available regarding the health, safety and environment committee in a majority of the companies.
27. The study shows that majority of the companies they constituted the code of insider trading.
28. The study denotes that half of the companies they are not presenting Information regarding the conduct of a secretarial audit.
29. The study shows that majority of the companies they constituted the subsidiary companies committee.
30. The study shows that half of the companies they constituted the shareholders committee
31. The study presented that all the companies they are maintaining fairness.
Limitations and Suggestions for Future Research
There are several limitations inherent in this study.
The study to be conducted will have certain limitations which have to be taken into consideration along with the contributions of the study.
The population taken for the study is from the Indian public and private sectors i.e. vastly scattered sectors, therefore, it’s a challenging task to get exact results. Although the companies taken for study are the true representative of their respective sectors still as far as generalizations of the results are concerned it also brings limitations. But by understanding about this particular case, conclusions might be drawn about the sectors in general.
Another limitation could be that while collecting information from the web and published sources, it might prove to be a difficult task as the concept of Corporate Governance is vast in different directions.
This concluding chapter has discussed the differences and comparisons’ of corporate governance practices of companies in Indian and abroad, which leads to the central argument of the study. Corporate governance variables such as general, objective and hypotheses are considered important to know the differences’ in corporate governance practices. It was found that that there are some minor differences in the corporate governance practices among the Indian and abroad companies.
It was suggested that future research should be carried out with a larger sample after the introduction of the mandatory code of best practices from 1992 to 2012. The recommendation for a code of best practice on corporate governance suggested the inclusion of stakeholders’ interest. Finally, the recommendations for future research proposed a normative conceptual framework and suggested the CSR strategy of firms should be directed at the socio-economic development of the country, which may have an impact on profitability and stock market performance in the long term.