Corporate Governance is critical to establish the operating framework of any enterprise that has people and provides a product or a service that commands some value in the market. It defines the culture and values of the enterprise and sets the ethical moorings on the basis of which stakeholders connected to that enterprise can expect to interact with and relate to each other. The legally enforceable rights of the stakeholders, within such a framework are established by Corporate Law. The purpose of Corporate law being to ensure fair dealing by the enterprise in all its actions backed by legal sanctions and remedies in case of transgressions.
As role of corporate entities grows for mobilizing investment, enthusing stakeholders, limiting risk and boosting economic activity in all economies, developed, emerging or otherwise, it becomes imperative to understand various dimensions of corporate functioning, the role played by key actors and the rights of the stakeholders so that the economic initiative represented by the corporate entity grows in a manner that is not only commercially viable and operationally and financially efficient but is also fair, equitable and sustainable in terms of interests of various communities of people and the planet earth at large. As corporate structures assume common features across various jurisdictions, an informed, healthy and open debate, drawing upon a wide range of experience and knowledge on what works best to achieve the triple bottom line of People, Profits and Planet is relevant to articulate perspectives from the point of view of different stakeholders. With changes in technology, ever evolving business models and innovation at all levels, the overall setting for such knowledge becomes dynamic and requires understanding of national and international best practices. This forum seeks to provide a platform for such knowledge sharing.
Headwayquotient: A Forum for those who believe in sharing knowledge. This site is aimed at sharing knowledge relating to Corporate, Legal and Accounting Issues.