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Accountability Of CEO & Corporate Governance: A Global Perspective




Arun Nachiappan, BBA. LLB, Symbiosis Law School, Pune

ABSTRACT

It is very much obvious that the society is familiar with the term “Corporate Scandals”. After the scenarios such as Enron and WorldCom, this term has been the wakeup call of all the other companies over the world. This paper intends to reveal various such instances but the scams and scandals are only restricted to scams committed by the CEOs of the company. The difference between company’s assets and personal assets has to recognized by the CEOs and as and when the CEOs crosses such a boundary, corporate scam is said to have occurred. Therefore, this paper intends to incorporate a fact that when CEOs are less accountable for their actions, scams said to have taken place by misusing the power and position in the company. Moreover, it also intends to quote few reasons for such frauds committed by CEOs and suggest various measures to eradicate such a practice.


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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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