CORPORATE GOVERNANCE THROUGH THE LENS OF SECRETARIAL AUDIT-EMPIRICAL EVIDENCES FROM CALCUTTA STOCK EXCHANGE

Description

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 current
role of the secretarial auditor is a pertinent factor towards fostering transparency in
corporate functioning and as such it is an obligation on the investors to investigate
on the reports issued by the listed companies before taking any financial decisions.