Corporate Governance and Its Social Accountability- a Perceptual Study

Abstract

Today corporate Governance has become a sort of umbrella, which covers in its purview, various facets of corporate finance, law, economics, and the constitution of the corporate board. M ore fundam ental focus of corporate governance should be on rational of the corporation, company ethics, value culture and social responsibilities. If corporations are to survive in the changing social-econom ic and political environment, it is necessary that they fulfill their social responsibilities and also report it in terms of social costs and benefit.