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A STUDY ON THE OPERATIONAL EFFICENCIES OF GOVERNANCE PRACTICES IN FRANCHISEE
Author Name

DR.S.KAMALASARAVANAN and AKSHAY MOHAN

Abstract

Governance encompasses the system by which an organization is controlled and operates, and the mechanisms by which it, and its people, are held to account. Ethics, risk management, compliance and administration are all elements of governance. Corporate governance involves a set of relationships between a companys management, its board, its shareholders and other stakeholders. The objective of the study is to analyze the operational efficiency of governance practices in franchise. The sample of the study is 50. Descriptive research design and convenience sampling method is used. Questionnaire is used as a primary data. Percentage analysis, chi-square analysis and correlation statistical tools have been applied. It is found that the respondents said that strongly agree towards codes for the governance protects the interest of stakeholders. The study suggested that the ownership structure of the firm should have the characteristics for immediate decision making in the franchise business. There should not be any delay in the decision making process. It concluded that the management must develop and implements corporate strategy and must operate the companys business under the boards oversight, with the goal of producing sustainable long-term value creation. The board must be reframed if it is fail to be provide operational efficiency for the business. .Keywords: FRACHISEE ,GOVERNANCE ,OPERATIONAL EFFICENCY

Published On :
2022-07-07

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