The basic principle underlying the concept of Corporate Governance is to conduct the business with all integrity and fairness; being transparent about all transactions; complying with the laws of the land; being accountable and responsible towards Stakeholders and committing to conduct business in an ethical manner. Under the observance of SEBI, Corporate Governance is quintessential to help distinguish between Personal and Corporate Funds while managing the company.
The presence and working of an active group of independent directors contributes towards instilling a certain level of faith and confidence in the relevant market and beyond. This stands as one of the major criteria for evaluation for the Foreign Institutional Investors to determine any business deal.
These set of principles, systems and processes which help a company run and manage, is with the objective of adding value to the name of the company and to be beneficial to the stakeholders in the long run.