Journal of Applied Management- Jidnyasa

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Corporate Governance in Partnership Firms


Affiliations
1 Prashak Techno Enterprises Pvt. Ltd, Pune, India
2 Symbiosis Institute of Management Studies, Pune, India
 

Corporate governance is a process set up for the firms based on certain systems and principles by which a company is governed. The guidelines provided ensure that the company is directed and controlled in a way so as to achieve the goals and objectives to add value to the company and also benefit the stakeholders in the long term.

Transparency in corporate governance is essential for the growth, profitability and stability of any business. The need for good corporate governance has intensified due to growing competition amongst businesses in all economic sectors.

There is no corporate governance in case of the partnership firms/sole proprietorships due to which the firms lack sustainable business and long term growth. This paper sheds light of the idea of implementing corporate governance in partnership firms which will not only benefit the firms but also the governing bodies like the municipal corporation, income tax department, revenue department, etc.


Keywords

Corporate Governance, Transparency, Sustainable Business, Profitability.
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  • India: Corporate Governance Framework In India, Vaish Associates Advocates, 2016.

  • Maharaj. Arti, (2011). Corporate governance and small businesses.

  • Governance for all: the implementation challenge for SMEs, ACCA (the Association of Chartered Certified Accountants).


Abstract Views: 207

PDF Views: 105




  • Corporate Governance in Partnership Firms

Abstract Views: 207  |  PDF Views: 105

Authors

Omkar H. Mankame
Prashak Techno Enterprises Pvt. Ltd, Pune, India
Pravin Kumar Bhoyar
Symbiosis Institute of Management Studies, Pune, India

Abstract


Corporate governance is a process set up for the firms based on certain systems and principles by which a company is governed. The guidelines provided ensure that the company is directed and controlled in a way so as to achieve the goals and objectives to add value to the company and also benefit the stakeholders in the long term.

Transparency in corporate governance is essential for the growth, profitability and stability of any business. The need for good corporate governance has intensified due to growing competition amongst businesses in all economic sectors.

There is no corporate governance in case of the partnership firms/sole proprietorships due to which the firms lack sustainable business and long term growth. This paper sheds light of the idea of implementing corporate governance in partnership firms which will not only benefit the firms but also the governing bodies like the municipal corporation, income tax department, revenue department, etc.


Keywords


Corporate Governance, Transparency, Sustainable Business, Profitability.

References