公司治理与依法独立董事的作用：理论与印度的做法外文翻译.docVIP

外文翻译 Corporate governance and law-role of independent directors: theory and practice in India Material Source: /journals.htm?issn=1747-1117volume=5issue=1articleid=1775862show=html Author：Iti Bose 1.1 Company law and corporate governance In the fields of company law and corporate governance, objectives include: providing equivalent protection for shareholders and other parties concerned with companies; ensuring freedom of establishment for companies throughout the European Union (EU); fostering efficiency and competitiveness of business; promoting cross-border cooperation between companies in different member states; and stimulating discussions between member states on the modernization of company law and corporate governance. Policy makers in OECD countries have increasingly come to address company law in an economic context. As company laws are being reformed, the impact of legislation on entrepreneurship, corporate competitiveness and resource allocation are becoming central issues. The OECD serves its member countries by gathering and sharing information about changes in the area of corporate governance and company law. 1.2 Why are independent directors important for good corporate governance? Independent directors are the trustees of good corporate governance. An active and involved board consisting of professional and truly independent directors plays an important role in creating trust between a company and its investors, and is the best guarantor of good corporate governance. Increasingly, institutional investors, both in India and internationally, are closely scrutinizing the corporate governance practices and the quality of boards before taking investment decisions. As Indian companies look towards accessing funds from foreign institutional investors and tapping global financial markets, the credentials of their independent directors will become important. Finally, competent and qualified independent directo