PUBLIC VERSUS CORPORATE GOVERNANCE—A STUDY OF COMPARISON
Link Between the Two Systems
Corporate governance depends upon two factors, namely, the attitude and the values cherished by the management of the business enterprise and the external environment in which the business operates. The external environment in which the business operates would include the legislation relating to the functioning of business enterprises, covering the entire spectrum from registration of companies, their structure, and settlement of disputes, to laws relating to the capital market and punishment for unethical practices such as insider trading.
Public governance, on the other hand, is broadly connected with the running of the government of a country and ensuring ...
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