CCLRT (Centre for Corporate Legal Research and Training), School of Law, Sushant University is organizing Conference on Role of National and International Policies in Corporate Governance in collaboration with Glocalex on 26th April 2021. Corporate governance involves the mechanisms, processes and relations by which corporations are controlled and directed. Governance structures and principles identify the distribution of rights… Read More »

CCLRT (Centre for Corporate Legal Research and Training), School of Law, Sushant University is organizing Conference on Role of National and International Policies in Corporate Governance in collaboration with Glocalex on 26th April 2021.

Corporate governance involves the mechanisms, processes and relations by which corporations are controlled and directed. Governance structures and principles identify the distribution of rights and responsibilities among different participants in the corporation (such as, e.g., the board of directors, managers, shareholders, creditors, auditors, regulators, and other stakeholders) and includes the rules and procedures for making decisions in corporate affairs. Corporate governance includes the processes through which corporations’ objectives are set and pursued in the context of the social, regulatory and market environment.

Governance mechanisms include monitoring the actions, policies, practices, and decisions of corporations, their agents, and affected stakeholders. Corporate governance practices are affected by attempts to align the interests of stakeholders.

In India, the Confederation of Indian Industry (CII) defined the term stating that “corporate governance deals with laws, procedures, practices and implicit rules that determine a company’s ability to make informed managerial decisions vis-à-vis its claimants – in particular, its shareholders, creditors, customers, the State and employees. There is a global consensus about the objective of ‘good’ corporate governance: maximizing long-term shareholder value.”

Major International Developments in Corporate Governance

The concept of Corporate Governance took roots in countries like US and UK and have subsequently spread to other countries. After 1990, the transition from central planning to market-driven economies, particularly the privatization of state-owned companies, and the need to provide governance rules for the emerging private sector, brought the issue of corporate governance to the centre stage. As a fall out of the 1997 economic and financial crisis, Asian countries too became keenly interested in the issue of corporate governance. The OECD took early initiatives to address governance issues. Since the mid-1990s, at an international level, various corporate governance reports, guidelines and regulations have come into existence.

In this article the emphasis has been made on the following major international developments in corporate governance: Cadbury Committee Report, OECD Principles, The Sarbanes-Oxley Act, Other International Development, Hampel Report, Blue Ribbon Report, CalPERS’ Global Governance Principles, The European Corporate Governance Institute (ECGI), King Committee on Corporate Governance, Higgs Report: Review of the role and effectiveness of non-executive directors, ASX Corporate Governance Council Report, The Combined Code on Corporate Governance.

Major National Developments in Corporate Governance

In India, a small beginning was made by the Confederation of Indian Industry (CII) in the field of good corporate governance which is explained below. Thereafter, various committees have been constituted to give recommendations in this regard viz. Kumar Manglam Birla Committee, Naresh Chandra Committee, Narayana Murthy Committee, etc.

All these efforts focused the attention of the Indian corporate sector, on the imperative need to evolve new norms of governance to sustain and develop Indian industries on healthy lines and to constitute the corporate boards in such a manner that they manage the affairs of the corporate body with better accountability to shareholders and achieve transparency of operations with disclosure of both financial and non-financial data through annual and other periodical reports.

About the Organisers

School of Law, Sushant University

School of Law, Sushant University [Erstwhile Ansal University] has been ranked no. 1 in the category of ‘Most Promising Law School in India’ by GHRDC 2019 survey. The School has been conferred numerous awards for academic excellence for four consecutive years making it an ace law college in the millennial city of Gurgaon. Recognized as the ‘Emerging Law School of the Year-2018’ by Legal Desire, ranked as one of the top promising law schools 2018 and No.1 Rank in the category of Promising Law School by GHRDC (Global Human Resource Development Centre) in 2017, recognized as the ‘Emerging Law School of the Year-2016’ by INBA. It is a top-notch institution with outstanding credentials committed to the cause of excellence in legal education in Delhi/NCR.

Centre for Corporate Legal Research and Training

The promoting body of the School of Law, Sushant University has the vision/mission to build and continuously nurture a self-financed institution with excellence in education, research, development, consultancy and extension of internationally recognized standards. This institution serves as an intellectual resource base for the development of professional human capital bridging the gap between academics and real-life to meet the professional challenges of the millennium. The Centre for Corporate Legal, Research and Training (CCLRT) is an endeavor to provide a professional platform and outbound exposure to the students to excel in the field of corporate laws.

Glocalex

Glocalex is a firm aimed to create a Legal Research Community inspired from a consequential legal research perspective directed towards creating a world that embraces a more constructive research environment in the legal discipline. To us, the quality of research takes precedence over any other aspect for research work. We are an educational platform providing users with extensively researched Legal Articles and immersive findings from all across the globe.

Important Dates

  • Registration Deadline: 05th April 2021
  • Submission Deadline: 11th April 2021
  • Conference Date: 26th April 2021.

Mode

Virtual.

Theme

Role of National and International Policies in Corporate Governance.

Sub-Themes

  1. Global Trends in Corporate Governance
  2. Role of Corporate Governance in M&A and Impact of Changing Policies
  3. Corporate Governance and Policies under Anti-trust Law
  4. Importance of Due Diligence in the changing Corporate Governance Paradigm
  5. Nexus between Corporate Governance and Corporate Social Responsibility
  6. Corporate Governance Regulation in International Economics

Registration

Click here to fill Registration Form

Prizes

Best Researcher

  • Rs. 5000/-
  • CLA Online Subscription
  • Internships with Leading Professionals
  • Interview Podcast with Glocalex.

Runner up

  • Rs. 3000/-
  • CLA Online Subscription.
  • Internships with Leading Professionals
  • Interview Podcast with Glocalex.

Participant

  • Certificate of Participation

Last Date to Register April 05, 2021.

For further submission guidelines and regulations Click here to view Brochure.

Contact

For queries write to:

  1. tarunkumar.ballb16@sushantuniversity.edu.in or
  2. cclrt@sushantuniveresity.edu.in

Reported by: Akansha Singh
Convenor, CCLRT, School of Law, Sushant University


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