RESPOSIBILITIES OF DIRECTOR UNDER THE COMPANIES ACT, 2013
Introduction:- Corporate Governance is needed to create a corporate culture or transparency, accountability and disclosure. It refers to compliance with all the moral ethical values, legal framework and voluntarily adopted practices. The term Governance is from "Gubernate" which means "to steer" while the term Corporate or Corporation is derived from Latin term "Copus" which means "a body". When combined corporate governance means a set of system procedures, policies, practices, standards put in place by a corporate to ensure that relationship with various stakeholders is maintained in transparent and honest manner. Evidence of corporate governance was also found in the Kautilya's Arth Shashtra which is mentioned as below:- · Raksha = Protection ( Against risk management) · Vriddhi = Growth (Stakeholders Value Enhancement) · Palana = Maintenance/ Compliance (