Based on the report above, the Board of Directors, inquire the following questions from the Company Secretary: The two nations, namely Nepal and India have been neighbouring countries and display a significant economic,

A comparative study of the corporate governance measures in India and Nepal India and Nepal had their own share of financial crises and problems besetting the trust of investors while the former took several measures to instil trust among the stakeholders, shareholders, regulatory bodies and the public. Nepal, on the other hand, has taken initiatives in the late 2010s and is expected to fulfil the intended objectives. Although both countries experienced with financial scandals, India has been a forerunner in installing CG practices widely and gained edge compared to Nepal. On the other hand, Nepal has taken the necessary initiatives to move forward in the corporate ladder with its manpower, closeness to India both geographically and politically, and vibrant economy. Philanthropy has been deeply rooted in the history and culture of Asian economies. India and Nepal have mandated spends on Corporate social responsibility (CSR) by corporates. Indian companies with a net worth of ₹ 500 cr + or more or a turnover of ₹ 1000 cr + or more or a net profit of ₹ 5 cr + or more must donate at least 2% of their net profit to CSR activities. On the other hand, Nepalese corporations with revenues above US$1.3 million are mandated to spend 1% of their profits to CSR. Unlike India where companies exercise control over their CSR spending, the Nepalese government collects the CSR funds and directs them to charitable organizations. Working of CSR activities in China: China's Company Law merely requires all companies to "undertake social responsibility." The Government of the Republic of China has issued directives for state-owned companies and export companies to encourage CSR as a way to create a "harmonious society" and improve the international image of the country. Government procurement from the social sector is one of the most significant reforms, adopted by China in 2004 when the government began outsourcing social service delivery to social organizations. According to the Doing Good Index 2020, China procures more services from SDOs than any other economy.