Corporate Governance Theory and Practice | By Prof. Anil Kumar | 2025 Edition | Taxmann Publication ( English Medium ).
Corporate Governance: Theory and Practice" by Prof. Anil Kumar (2025 Edition) is a comprehensive textbook designed to provide in-depth knowledge of corporate governance principles, practices, and regulations. Published by Taxmann Publications, this book is aligned with the latest trends and global best practices in corporate governance.
Key Features:
Comprehensive Coverage:
The book covers the fundamental concepts of corporate governance, including its principles, frameworks, and regulatory mechanisms.
It explores the role of the board of directors, management, shareholders, and other stakeholders in ensuring transparency, accountability, and ethical business practices.
Global and Indian Perspectives:
It provides a comparative analysis of corporate governance practices in different countries, with a special focus on global regulations such as the Sarbanes-Oxley Act, OECD Principles of Corporate Governance, and the Cadbury Report.
The book also delves into Indian corporate governance, discussing regulations by the Securities and Exchange Board of India (SEBI), Ministry of Corporate Affairs, and other regulatory bodies.
Case Studies and Real-World Applications:
The book includes a variety of case studies and examples from both global and Indian markets, highlighting key corporate scandals and governance failures that have shaped regulations and corporate practices (e.g., Enron, WorldCom, Satyam).
These case studies help readers understand the practical application of corporate governance principles.
Ethics and Stakeholder Management:
A major focus of the book is on ethical leadership, shareholder activism, and the management of stakeholder interests. It explores how companies can balance the interests of various stakeholders while maintaining ethical standards and compliance with regulations.
Alignment with NEP 2020:
The book is aligned with the National Education Policy (NEP) 2020, making it an ideal resource for students in undergraduate and postgraduate courses. It emphasizes the development of critical thinking, multidisciplinary learning, and ethical decision-making in the corporate world.
Updated Content:
The 2025 Edition includes updates on the latest changes in corporate governance laws, amendments in regulations, and global trends, ensuring that readers are equipped with current knowledge.
Target Audience:
This book is primarily intended for undergraduate and postgraduate students pursuing courses like B.Com (Hons), BBA, and MBA.
It is also useful for professionals, corporate managers, and policymakers who wish to enhance their understanding of corporate governance practices and their implementation in business.
By integrating theory with practical examples, Prof. Anil Kumar’s book offers a solid foundation for understanding the complexities of corporate governance and its critical role in promoting responsible business practices.
This book is based on the National Education Policy (NEP) and is a comprehensive textbook designed to illuminate the multifaceted concept of corporate governance. The book analyses governance theories, models, and applications, addressing both global perspectives and India-specific frameworks. It bridges theoretical discussions with examples, guiding readers to understand how robust governance structures can foster ethical, sustainable, and successful businesses. It is written primarily for undergraduate students pursuing B. Com (Hons), B. Com (Programme), BBA, and BMS courses at Delhi University and other universities; the text also serves as an invaluable resource for postgraduate and MBA students who seek more profound insights into governance practices. Moreover, practitioners, regulators, and policymakers will find the blend of academic rigour and practical case studies beneficial for everyday reference, strategy formulation, and policy development. The Present Publication is the Latest Edition (based on the NEP), authored by Prof. Anil Kumar, with the following noteworthy features: (i) [Comprehensive Coverage] The textbook thoroughly discusses corporate governance principles, elucidating how businesses design oversight mechanisms to align company goals with stakeholder interests. It discusses a wide range of theories, such as Agency Theory, Stewardship Theory, Stakeholder Theory, Resource Dependency Theory, and Managerial Hegemony Theory, thereby building a holistic foundation for readers (ii) [Contemporary Relevance] Alongside classical governance constructs, the book addresses pressing issues such as insider trading, whistleblowing, shareholder activism, gender diversity on boards, and governance challenges faced by family-owned enterprises and multinational corporations. These discussions reflect the evolving landscape of corporate governance in today's fast-paced and globally interconnected markets (iii) [Global Case Studies] Recognising the influence of international developments on local practices, the text examines major corporate scandals worldwide—Enron, WorldCom, and Lehman Brothers, among others—to reveal the universal importance of transparency, accountability, and ethical leadership. It explains how legislative and regulatory measures like the Sarbanes-Oxley Act (USA), Cadbury Committee (UK), and OECD principles have transformed governance expectations across jurisdictions (iv) [Indian Context and Regulations] A significant portion of the book is devoted to understanding governance in India. It highlights the country's regulatory advancements, including the roles of SEBI (Securities and Exchange Board of India), the Ministry of Corporate Affairs, and industry bodies like the Confederation of Indian Industry (CII). Readers gain insight into the SEBI (LODR) Regulations, 2015, and other pivotal reforms, along with analyses of Indian corporate debacles such as Satyam, Kingfisher Airlines, IL&FS, PNB, and Yes Bank (v) [Real-World Application] Through well-researched case studies and practical exercises, the book transcends theoretical knowledge. It illustrates how corporate governance failures—both in India and abroad—exposed systemic weaknesses in oversight and accountability, ultimately influencing sweeping policy changes and renewed emphasis on best practices (vi) [Alignment with NEP 2020] True to the National Education Policy 2020 vision, this textbook offers a learner-centric approach that encourages critical thinking, ethics, and a multidisciplinary perspective. It is structured to align with the Undergraduate Curriculum Framework-2022, ensuring its relevance and suitability for modern-day academia The structure of the book is as follows: (i) Chapter 1 | Conceptual Framework of Corporate Governance (a) Introduces corporate governance, outlining its meaning, principles, and significance. This chapter lays out various theoretical underpinnings and contrasting international models of governance, supplemented by an exploration of classical texts like Kautilya's Arthashastra (ii) Chapter 2 | Board Structure and Directors (a) Discusses the composition and types of boards, shedding light on diverse director roles—executive, non-executive, and independent. The chapter explains how board committees (e.g., audit, remuneration, nomination) function to safeguard stakeholder interests. (iii) Chapter 3 | Issues and Challenges of Corporate Governance (a) Discusses critical governance concerns such as the role of independent directors, insider trading, and board duality. It highlights gender diversity and family business governance while featuring Gandhian Trusteeship as a unique perspective on ethics and responsibility. (iv) Chapter 4 | Global Corporate Failures and International Codes (a) Investigates landmark corporate collapses like BCCI, Maxwell, Enron, WorldCom, Vivendi, and Lehman Brothers, emphasising the lessons they impart. The chapter also traces the evolution of international governance norms, including Cadbury Committee recommendations, the Sarbanes-Oxley Act, and OECD codes (v) Chapter 5 | Corporate Governance in India (a) It focuses on India's policy milieu—covering initiatives by SEBI, Government of India, and CII—as well as the Companies Act, 2013, and SEBI (LODR) Regulations. Students learn how seminal committees (Kumar Mangalam Birla, Narayana Murthy, Uday Kotak) have shaped corporate governance standards in India (vi) Chapter 6 | Corporate Failures and Scams in India (a) Examines high-profile scandals like Satyam, Kingfisher Airlines, IL&FS, the PNB Heist, Yes Bank, and the ICICI Bank fraud case. The chapter pinpoints systemic vulnerabilities, governance lapses, and common pitfalls, offering practical takeaways on ethics and accountability.
Search key - Corporate Governance book by Prof. Anil Kumar, Corporate governance theory and practice Taxmann, Corporate governance textbook 2025 edition, Prof. Anil Kumar corporate governance, Corporate governance principles and practices, Taxmann corporate governance theory, Corporate governance case studies by Prof. Anil Kumar, Corporate governance India and global perspectives, Corporate governance for B.Com students, Corporate governance for MBA students, Corporate governance practices in India, Corporate governance laws and regulations, Corporate governance global frameworks, Role of board of directors in corporate governance, Corporate governance and stakeholder management, Ethics in corporate governance, Corporate governance regulatory bodies, Corporate governance in India by Prof. Anil Kumar, Corporate governance 2025 edition Taxmann, Corporate governance book for CA students, Corporate governance frameworks and theories, Corporate governance Taxmann publication, Corporate governance NEP 2020 aligned book, Corporate governance book with case studies, Corporate governance principles for business students, Corporate governance issues and challenges, Governance structures and ethical practices, Corporate governance in business management, Corporate governance strategies in corporate world, Corporate governance board of directors and stakeholders, Publisher : Taxmann Publications Private Limited (30 December 2024); Taxmann Publications Private Limited, Language : English, Paperback : 256 pages