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Corporate governance refers to a transparent management framework that allows for dispute-free working, safeguarding the interest of stakeholders as well as policyholders. Good corporate governance translates to a seamless BOD’s affairs, contributing to a firm’s growth. IRDAI, every now and then, released revised guidelines concerning the corporate governance of insurers in India. These guidelines enable insurers to operate as transparently as possible on every front while having holistic control over potential conflicts within or outside management.
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