Enablers of Good Corporate Governance Softer Instruments and Practices beyond the Law Dr. Shettigar M Manjuanth Professor, Economics and Management, Department of Professional Studies, Christ University, Bangalore-29 Online published on 27 July, 2017. Abstract Corporate governance today is part of the business discourse world ever. It is now widely accepted that quality corporate governance is a prerequisite to ensure that corporate entities function with integrity and responsibility. Corporate governance norms are evolving and are taking roots thanks to heightened concern world over regarding the need for checks and balances on corporate entities and the compulsion of protecting the interest of the multiple stakeholders. Corporate governance system as it exists and as it is practiced today has three dimensions-they are 1. Corporate governance philosophy/theory, 2. Corporate governance practice and 3. Corporate governance law. In this article, an attempt has been made to identify key instruments which can act as enablers of quality governance. The instruments covered are: 1. Code of conduct, 2. Whistle Blower Policy, 3. Website, 4. Board and Committee Meeting Protocols, and 5. Compliance Culture. While this may not a comprehensive list of instruments and practices needed for good corporate governance, putting in place these mechanisms, it is believed, will certainly enhance the effectiveness of governance process. Further, it is suggested that the board and its committees must watch out to include whatever else can help in its journey of building excellence in corporate governance. Top Keywords Corporate governance, Code of conduct, Whistle blower policy, Board and Committee Meeting protocols, Compliance culture. Top |