The basis of the model of corporate governance can be identified in their approach to the three dimensions of decision making which are considered as the essence of corporate governance. The decision making is centered round the three basic questions; (a) by whom the decisions are to be made, (b) for whom the decisions are attempted to be made and (c) what are the resources […]

OVERVIEW INSURANCE- AN INTRODUCTION Meaning: Insurance may be described as a social device to ensure protection of economic value of life and other assets. Under the plan of insurance, a large number of people associate themselves by sharing risks attached to individuals. The risks, which can be insured against, include fire, the perils of sea, death and accidents and burglary. Any risk contingent upon these, […]

Q1. Q1. Corporate administration is defined the procedure, such as the procedures of end definition and control, by which stockholders seek to guarantee that ‘their’ company is run in conformity with their purposes. In a broader sense, it comprises all histrions that contribute to the accomplishment of stakeholder ends outdoors and inside the company. In the narrow sense, it comprises the direction and stockholders of […]

The great Indian master of Political Science Kautilya mentioned four functions of a king in his well-known book Arthashastra -1. Raksha or protection, 2. Vriddhi or enhancement, 3. Palana or maintenance, and 4. Yogakshema or wellbeing or safeguard. It is the sacred duty of the state to protect the person and property of its subject to enhance their wealth, to maintain them and to safeguard […]

Corporate Governance and Social Responsibility              “There are fundamental values that international companies must uphold them”. Thomas Donaldson             “Corporations must learn to work with an even stronger sense of ethics and of responsibility of their own actions”. Schoichiro Toyoda The means of corporate governance is to assess options by measuring them against the goal of defending individual liberty, maximizing wealth in a sustainable way […]