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Today wealth of the firms is no longer of the property of general shareholder but of management and firm itself.

Due to the lack of long term relationship of shareholders with firm, management and Corporate Insiders have become sole corporate decision makers which ultimately lead to misappropriation of owners wealth. Management of the company is separated from ownership and the management is elected by shareholders in AGM. To ensure that management is working for the best interest of owners and for firm rather than own interest several mechanisms have been introduced among which Corporate Governance is one of them. 26 rules by Sec. Applicable on ly to listed company not private. No fin statement published by private. Compliance department and audit CSR contributiom. Proportion to net income not capital. Mandatory. Exemption. Green banking

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