CORPORATE GOVERNANCE THROUGH THE LENS OF SECRETARIAL AUDIT-EMPIRICAL EVIDENCES F

CORPORATE GOVERNANCE THROUGH THE LENS OF SECRETARIAL AUDIT-EMPIRICAL EVIDENCES FROM CALCUTTA STOCK EXCHANGE
 
ABOUT THE BOOK
The book reveals that efficient governance practices enabled the corporate bodies to add value to corporate governance and moreover systematically provided suitable solutions to the management process. Further, to avoid the instances of penalties arising due to non-compliance and maladministration, a check and balance of all corporate actions is the need of the hour. Good governance practices help to identify the high-risk areas and also assess the reasonableness and effectiveness of the internal compliance monitoring of the company. The book highlights the importance of Secretarial Auditing process as an effective tool by which legal, financial and other material information is evaluated, scrutinized and appraised by a business entity through an external professional. Additionally, it also authenticates that good governance practices act as risk assessment analysis of a prospective business transactions and involves a careful systematic investigation to confirm about the nature and genuineness of a business or persons or the performance of any transactions so that the interest of the stakeholders can be protected prior to any transactions. After collection and analysis of the data gathered by means of an empirical study the book concludes that securing the rights of the investors is the prime concern of Securities Exchange Board of India. It has taken the greatest steps behind ensuring transparency and accountability in security markets. Participants actively indulged in security market whether in the form of listed entities or capital market intermediaries are under the obligations to adhere the norms framed by the regulator. Herein, the work evidences that currentrole of the secretarial auditor is a pertinent factor towards fostering transparency incorporate functioning and as such it is an obligation on the investors to investigateon the reports issued by the listed companies before taking any financial decisions.
By: Dr. Subhajit Chakraborty