Global Corporate Contumaciousness with Respect to Valuations - The Grey Area of Corporate Law
Kishore Vaangal, PhD, Strategic Entrepreneur, Governance Professional and Ethicist, W S Atkins, India
Global corporate governance is primarily meant to be a system fostering methodological processes, systematic regulations and astute initiatives for the benefit of the international community of shareholders and stakeholders, and global corporate governance needs to be characterized by the zealous participation of activist shareholder and stakeholder groups. In the WTO era, it has to be implicitly recognized that there would be increased competition and law makers would have to realize that legislation would have to be in accordance with the WTO agreement read along with the traditional system of legal treaties negotiated by the states respectively. In effect, global corporate governance can be ascribed to mean the adoption of systematic-processes in entities and these processes are to be guided by the Board’s policy stipulations, financial-situation, rules, procedures and norms that regulate the processes for the welfare of the of global shareholder/ stakeholder, and presently, they differ vastly from country to country .
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