CORPORATE GOVERNANCE IS A PART OF CORPORATE SUSTAINABILITY FOCUSING ON PROFESSIONAL MISCONDUCT
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Keywords:
Corporate Governance, Misconduct, Fraud, Corporate Sustainability, ethics, standardsAbstract
Corporate Governance is a process that aims to administer corporate resources which will maximizes the value of all stakeholders like shareholders, investors, consumers and the public at large. The idea of maintaining good governance in company is to provide transparency, equitability, accountability and responsibility. The research paper will highlight on the importance of Corporate Governance and its impact on Corporate Sustainability. A company needs to sustain for a longer period of time and in this process corporate governance plays an important role in maintaining sustainability. The corporate governance codes and principles have framed to maintain the sustainability of the corporates by complying with the governance standards and disclosures. But how far the rules, codes, regulations are implemented in a proper and efficient manner. The paper will highlight on cases where the corporate governance standards are not complied with and which lead to corporate scams. And the most important factor which affects the corporate sustainability is the Professional misconduct in the company . The misconduct may be by the directors or shareholders or investors etc but in some how it affects the existence or sustainability of a company. Earlier research have failed to consider the contributions of sustainability in the process of Corporate Governance focusing on Professional misconduct.
The paper will highlight on the professional misconduct by the company stakeholders and violations of the corporate governance standards. Professional misconduct plays an important role in maintaining governance standards in company. The stakeholders of the company are required to disclose information which will help the company to operate for a long term. But due to the failure in complying with the professional standard and ethics , the sustainability of the company gets affected . The paper will highlight on how professional misconduct which is a part of Corporate Governance standards affects Corporate sustainability.
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