A STUDY ON EMPLOYEES’ AWARENESS AND PRACTICES ON CORPORATE GOVERNANCE WITH SPECIAL REFERENCE TO HDFC BANK IN COIMBATORE DISTRICT

Abstract

Corporate Governance is getting a focused attention particularly after market and public confidence become fragile after a series of high profile corporate failures in which the absence of effective governance was a major factor. Good Governance is becoming a source of competitive advantage among economies for attracting international capital. Responsibility, Transparency, Fairness and Accountability are the four vital pillars for strong Corporate Governance. Corporate Governance helps in establishing a system where a director is showered with duties and responsibilities of the affairs of the Company. The bank fulfilled the mandatory requirements in all sub-indices of the Clause 49. Bank has complied with all the applicable mandatory requirements of the Code of Corporate Governance as prescribed under the SEBI Listing Agreement. Banks should be followed Corporate Governance practices in more efficient manner and SEBI should be taken action for any Non-compliance by any companies.