Corporate Governance Practices: Case Study Of Yes Bank
Corporate governance is a set of rules, processes and mechanism by which any business organization is expected to be operated, controlled and monitored. It ensures that the business is aligned with the defined objectives so that the interest of all the stakeholders is protected. Indian corporate sector has seen many financial scams which have resulted into failure of the machinery of the organizations. This has increased the scope of corporate governance and has mandated the business organizations to considerate and execute in the set framework. Interestingly, Indian banking sector has been witnessing failure of banks due to ineffective practices such as excessive lending, lack of transparency, absence of accountability, assets liabilities mismatch, etc. Results are visible that effective corporate governance ensures organizations to achieve high rate of productivity. In this research article, the researcher tries to examine the corporate governance practices followed in Yes Bank during a financial year. Principles of governance related to shareholding pattern, board structure, board meetings, statutory disclosures, risk management practices and auditing are checked to see the effectiveness.