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The new edition of this book offers an indispensable guide to the key concepts of corporate governance every student and business professional should know. The authors explain the importance of the corporate form of business organization in the light of economic and market implications. They shed light on the legal obligations of directors, the nuances of board selection, and the available methods of board and corporate organization. There is discussion of the methods employed for the selection, performance appraisal, compensation, and succession planning for the CEO. There is coverage of the board`s role in strategy formulation, related business plans, and the means employed to finance a corporation. The authors also examine how boards should deal with external events, such as hostile takeover attempts, shareholder activism, proxy fights, and class action lawsuits. Authors have taken special pain to correct all major and minor mistakes and incorporated all necessary suggestions and comments of the readers in this edition and they are fully convinced and confident that this study would be indispensable for policy-makers, academicians as well as the ordinary readers having keen interest in the functioning of Corporate World.ISBN-9788182205581
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