Issues of corporate governance: Corporate governance addresses the various aspects related to share holders , stake holders.

. Various Dimension are described related to corporate Governance such as, Corporate Ethics , investor Protection , social responsibility etc. Experts identify various critical issues which require detailed understanding and remedial mechanism for effecting corporate governance practices. Various issues of corporate governance as below: 1. Distinguishing the roles of board and management: 2. Composition of the board and related issues. 3. Separation of the roles of CEO and chairperson: 4. Should the board have committees: 5. Appointments to the board and directors'-election: 6. Directors and executives remuneration: 7. Disclosure and audit: 8. Protection of shareholder rights and their expectations: 9. Dialogue with institutional shareholder: 10. Should investor have a say in making a company socially responsible corporate citizen? 1. Distinguishing the roles of board and management The board occupies a key position between shareholder (owner) and the companys management (day to day managers of the companys resource). 2. As per this arrangement , the board of a listed company has following functions:

A. select, decide the remuneration and evaluate on a regular basis, and when necessary , change the CEO. B. Oversee (not directly , but indirectly )the conduct of the companys business to evaluate whether or not it is being correctly managed. C. Review and , where necessary , approve the companys financial objectives and major corporate plans and objective. D. All other functions required by law to be performed.

3. Separation of the roles of CEO and chairperson: It is now increasingly being realized that the practice of combining the role of chair person with that of the CEO as is done in countries like the US and INDIA leads to conflicts in decision making and too much concentration of power in one person resulting in unsavory consequences 4. Should the board have committees: Many committees on corporate governance have recommended in one voice the appointment of special committees for i. ii. iii. Nomination Remuneration and for Auditing. These committees would lessen the burden of the board and enhance its effectiveness.