An Insight into the Governance Disclosures of Hindustan Unilever Limited
Keywords:
corporate governance, board functioning, effectivenessAbstract
The objective of the study is to examine the disclosures regarding the governance practices of HUL. The series of corporate scandals that took place in India, raised the concerns about the need of implementation of corporate governance reforms by adopting international standards of governance. Sound governance practices adopted by a firm ensure better board functioning and effectiveness. The Clause 49 of the SEBI (LODR) Regulations, 2015 and The Indian Companies Act, 2013 lay down mandatory governance practices to be complied by the listed entities. The study proposes to overview the governance structure of the company, as in the context of compulsory governance laws and regulations and give appropriate suggestions for further improvement in its governance practices.
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