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As Indian companies went to overseas markets for capital, corporate governance became a buzzword. Sinking capital markets in India from 1994 through 1998 and the desire of more and more companies in India to get listed on international stock exchanges also prompted them to pay attention to corporate governance. We must, however, remember, that corporate governance is not a trick to prop up the sensex or to bring in foreign capital. It implies management of the corporate sector within the constrains of fair play, responsibility and conscience with regard to all the stakeholders. In order to strengthen investor's loyalty, the companies need to adopt better management practices. Studies on corporate governance both in India and abroad show that capital market appreciates and rewards well-managed companies. In the words of Rahul Bajaj "Strong corporate governance is indispensable for resilient and vibrant capital markets and is an important instrument for investor protection...

Mahatma Gandhi evolved the theory of trusteeship to make businessmen responsible to society. According to him, "Those who own wealth should hold and use it on behalf of and for the benefit of society." Businessmen are trustees of the society and they should not use the resources at their command for self enrichment at the cost of the society. They should earn a reasonable income for themselves and should avoid all types of exploitation in the process of earning profits. Under the theory of trusteeship, employees, customers, government and the public will have a share in the ownership and management of big business. Trusteeship is a peaceful means of transforming a capitalist society into an egalitarian society. However, there are several practical difficulties in the implementation of this theory. It has to be a gradual process. CssFounder.com  | Website For Everyone http://cssfounder.com #website_designing_company_in_delhi #website_designing_company_in_mumbai ...

The consumers of today are well informed. They expect higher quality products at reasonable rates. They organise together in case a business a resorts to malpractices like adulteration and black marketing. Similarly, workers today are more aware of their rights and strength. Trade unions, labour laws and social security measures all compel the businessmen to look after the interests of the working class. CssFounder.com  | Website For Everyone http://cssfounder.com #website_designing_company_in_delhi #website_designing_company_in_mumbai #website_development_company_surat