Competition Law- Effective Tool for Good Corporate Governance in India

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COMPETITION LAW
EFFECTIVE TOOL FOR GOOD CORPORATE GOVERNANCE IN INDIA

Submitted to Prof. I. Sridhar Legal Aspects of Business IIM Indore

By Vinod Kumar 2012FPM20 Section F IIM INDORE

TABLE OF CONTENTS
CONTENTS PAGE NO.

A. Introduction 1. Introduction...............................................................................................3 B. Analysis 2. Analysis of property rights in the case of tangibles................................4 3. Common features of Intellectual property rights...................................6 4. Common features of Intellectual property rights..................................12 5. The extension of property rights to new objects....................................15 C. Existing systems 6.
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Competitive business environment and appropriate good Corporate Governance have a nexus, the former fuelling, influencing and impacting the latter and the latter seeking to meet the challenges of the former. For Corporate Governance, inhering Competition principles in policy making would appear sine qua non. Corporate Governance consequently needs to fashion itself to meet Competition and prevent enterprises indulge in (inadvertently or otherwise) anti-competitive practices. Corporate Governance needs to incorporate the interests of consumers and economic development. Competition maximizes incentives to innovate, engage in new promising activities, offer better services and wider choices at lower prices. The continuous quest for efficiency and improvement is not merely a result of the competitive process, it is the competitive process, where companies- small, medium-sized or large- concentrate on becoming as efficient as possible, rather than on surviving by other (illegal) means, their competitiveness will increase whether they operate in their domestic market or in the worldwide stage. Competition law understood the need of good corporate governance for fair competition. The need for implementation of good Corporate Governance strategy is not only social, but there are good economic reasons also. The Companies possessing Governance practices are more likely to gain a competitive advantage over their counterparts. The benefits that
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