Abstract
Diving deeper into Corporate Governance is a thunderous realization of its broad spectrum that shines upon every Company globally. It is a unique area that requires proper and continuous research and deliberation in the current scenario.
International Corporate Governance is regulated by various standard setters worldwide for its apt implication. Organizations like OECD [Organisation for Economic Co-operation and Development], IMF [International Monetary Fund], World Bank, WIPO [World Intellectual Property Organization, WEF [World Economic Forum] etc are the significant trendsetters’ regulatory bodies that delve into the matter of Corporate Governance, a priority in any company.
As established by the OECD, the six guiding principles act as the significant torch-bearer for the company in bringing transparency and governance to the major stakeholders. The protection of the creditors and the investors, focusing on the minority shareholders and foreign shareholders, are one of the significant concerns of Corporate Governance.
The lacuna in this area is the jurisdictional challenge a company might face in Cross-Border Transactions and in preserving the investor rights in the company. Proper implementation along with its sound principles is another major issue. This short Article precisely deliberates on the need to promote Corporate Governance within the companies. Seamless governance without cross-border barriers should be the aim to connect the world through a single golden thread of governance to weave a better sustainable future.
Keywords: Corporate Governance, OECD Principles, Cross-Border Transaction, Investor’s Rights.