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This compact and concise textbook, in its second edition, gives clear analyses of the principles and practices of management control systems being practised by the companies all over the world. Divided into seven sections, the book explains the various approaches and designs of management control systems.

Focuses on corporate governance practices, elaborating critically corporate governance prevailing in the Indian corporate sectors vis-à-vis the corporate governance in other industrialised countries. It shows the ways and means to serve the needs of the stakeholders in the best possible way.