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The subject of corporate governance has succeeded in attracting a
good deal of public interest because of its apparent importance for
the financial health of the corporations in recent decades. With
this rise in importance, there arises the need for adopting quality
governance practices. The present book makes a number of
contributions in this direction as it aims to broaden the scope of
the corporate governance literature with better conceptual
understanding, providing an evidence for a positive relationship
between corporate governance quality and firm performance; and the
positive impact of board effectiveness on corporate governance.
Besides being theoretically insightful, the book has several
important managerial implications too. The findings in the book
contribute to the current policy debate on the rewards to the
companies for improving corporate governance.Thus it appears that
managers should strive to improve the corporate governance of their
companies which can be improved with the help of effective boards
i.e. proper functioning of board and its committees, providing them
adequate independence, authority, compensation and making them
liable to the organizations.
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