The New Concept of Corporate Governance in the System of Company Management

A fascinating aspect of the present day system of company management is the new concept of ‘Corporate Governance'. Under the new system of company's management the obligations which the companies have to perform are not just the same as they used to be under the ancient Principles of Common Law from which had originated and developed the system of company management. On the other hand, there are certain obligations and responsibilities under the new principles in addition to the earlier ones which are applicable to corporate bodies starting with their formation until they go out of existence.