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Author: Malla Praveen Bhasa Publisher: ISBN: Category : Languages : en Pages :
Book Description
Corporate governance as it is understood today in the Indian context is the culmination of the liberalization process. Despite the implementation of certain corporate governance norms, Indian industry is found to be defaulting on compliance. While there certainly are flaws in government's enforcement mechanism, the paper examines historical precedents from 1960s onwards, that may have established a problem-ridden relationship between the Indian sate and different sectors of the industry. By probing corporate governance issues, we seek to unravel the government-industry ties that were a bane to the proper and efficient functioning of both entities. To explain our contention that the seeds of corporate misgovernance were sown as a result of government indifference and its belated response to mis-governance, we have chosen to focus on the banking business practices in India. Banking, as per our understanding, stands out as a better explananda of our 'abetment' contention due to a variety of reasons, which are listed in the main text of the paper. We conclude that had the government been more responsible and played its fiduciary role properly and had the industry seen the myopic nature of such a policy framework, latter day corporate governance problems could have been thwarted to some significant extent. In the end we suggest that government-owned financial institutions should define the purpose of their business in clear and unambiguous terms and endeavor to work for those objectives. Arbitrary political intervention in the functioning of regulatory bodies should be completely done away with and regulators need to be given the autonomy and powers to take decisions without being overawed by their political masters. Similarly, legal lead times need to be drastically shortened leaving no space for industry-state collusion.
Author: Malla Praveen Bhasa Publisher: ISBN: Category : Languages : en Pages :
Book Description
Corporate governance as it is understood today in the Indian context is the culmination of the liberalization process. Despite the implementation of certain corporate governance norms, Indian industry is found to be defaulting on compliance. While there certainly are flaws in government's enforcement mechanism, the paper examines historical precedents from 1960s onwards, that may have established a problem-ridden relationship between the Indian sate and different sectors of the industry. By probing corporate governance issues, we seek to unravel the government-industry ties that were a bane to the proper and efficient functioning of both entities. To explain our contention that the seeds of corporate misgovernance were sown as a result of government indifference and its belated response to mis-governance, we have chosen to focus on the banking business practices in India. Banking, as per our understanding, stands out as a better explananda of our 'abetment' contention due to a variety of reasons, which are listed in the main text of the paper. We conclude that had the government been more responsible and played its fiduciary role properly and had the industry seen the myopic nature of such a policy framework, latter day corporate governance problems could have been thwarted to some significant extent. In the end we suggest that government-owned financial institutions should define the purpose of their business in clear and unambiguous terms and endeavor to work for those objectives. Arbitrary political intervention in the functioning of regulatory bodies should be completely done away with and regulators need to be given the autonomy and powers to take decisions without being overawed by their political masters. Similarly, legal lead times need to be drastically shortened leaving no space for industry-state collusion.
Author: Vasudha Joshi Publisher: Foundation Books ISBN: 9788175962040 Category : Business & Economics Languages : en Pages : 188
Book Description
Corporate governance is part of an economy's system which has today become the most important mechanism for resource allocation. It is affected by capital market, block holders, institutional investors, proxy wars, company law and capital market regulations, and many other macro-economic as well as political factors. Historical evolution of corporate governance naturally has a bearing on current developments. This book is an attempt to weave these factors together coherently. Much of the concerned literature revolves around the agency problem, while in developing countries expropriation of small shareholders is the governance problem. However, shareholder activism is not likely to resolve the issue. Many more measures, from audit committees of the board, rigorous disclosures, exercise of voting rights by institutional investors, strict monitoring by capital market regulator to takeover bids are required to ensure corporate accountability.
Author: Randall K. Morck Publisher: University of Chicago Press ISBN: 0226536831 Category : Business & Economics Languages : en Pages : 700
Book Description
For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.
Author: Praveen B. Malla Publisher: Routledge ISBN: 1317810112 Category : Business & Economics Languages : en Pages : 268
Book Description
With the increasing awareness that mere economic and production-based explanations do not adequately describe the motivations for governance, researchers have focused on the behavioral side of the firm performance to justify the economic rationale of their typical behaviours. This book describes the concept of corporate governance, its emergence and the contemporary thinking around it. With emphasis on "conflicts of interests" assumed to be related to the theory of separation of ownership and control, the book delves into topics such as insider trading, excessive executive compensation, managerial, expropriation of shareholders’ wealth, false reporting, accounting non-disclosures and self dealing.
Author: Bidyut Chakrabarty Publisher: Routledge ISBN: 1134132689 Category : Political Science Languages : en Pages : 343
Book Description
Focusing on politics and society in India, this book explores new areas enmeshed in the complex social, economic and political processes in the country. Linking the structural characteristics with the broader sociological context, the book emphasizes the strong influence of sociological issues on politics, such as social milieu shaping and the articulation of the political in day-to-day events. Political events are connected with the ever-changing social, economic and political processes in order to provide an analytical framework to explain ‘peculiarities’ of Indian politics. Bidyut Chakrabarty argues that three major ideological influences of colonialism, nationalism and democracy have provided the foundational values of Indian politics. Structured thematically and chronologically, this work is a useful resource for students of political science, sociology and South Asian studies.
Author: PRASAD, KESHO Publisher: PHI Learning Pvt. Ltd. ISBN: 9391818552 Category : Business & Economics Languages : en Pages : 593
Book Description
In the new edition, the book has been revised and rearranged sequentially as per the subject content. The dreaded disease COVID-19 has had its serious impact across the international bodies and impacted the economies of the world. Objectives of corporate governance and corporations' old form/ways of working have changed drastically, since maximizing profits for shareholders is no longer an acceptable proposition. The focus has now shifted to societal needs and Directors are made more responsible to take care of the organization. This has been discussed in Chapter 12. Some new chapters are added to underline the importance of Business Ethics, CSR, and Whistleblowing in Corporate Governance. The text deals with models, theories/ approaches in ethics, governance, and CSR. Different types of prominent corporate scams across the globe have been discussed as examples. The live case studies, as discussed in the 3rd edition, have been retained in totality. The evolving definition of corporate governance has been duly discussed in Chapter 10 and 11. Provisions under the Indian Company Law 2013 have been discussed in detail, especially the mandatory provisions for controlling corruption/malpractices in companies. The author has tried to relate importance of the ethical principles and CSR as pillars of good corporate governance. In the changing times corporate governance has become a skilled job for the Directors and they are required to equip themselves with skills, knowledge, and expertise for managing different issues on governance. In nutshell, the new additions make the text richer and updated. Attempt has been made for covering different syllabuses of MBA programmes offered by B-Schools in the country on this subject. NEW TO THE EDITION • Sequentially revised and rearranged as per the subject content, which makes it very competitive in the market. • Introduces two new subjects: Ethics and CSR. • Underlines the importance of Business Ethics, CSR, and Whistleblowing in Corporate Governance. • Discusses different types of prominent corporate scams across the globe and the live case studies. • Principles on good corporate governance for implementation during COVID-19 regime have been covered in a separate chapter. • Role of company Directors has been highlighted in the changing times. • Includes mandatory provisions under the Indian Companies Act 2013 (updated up to 2020) for compliance in Corporate Governance. TARGET AUDIENCE The students pursuing MBA, MSW, and M.Com
Author: Sheoli Pargal Publisher: World Bank Publications ISBN: 1464803048 Category : Business & Economics Languages : en Pages : 133
Book Description
This review of the Indian power sector at the state level finds that priority should be given to implementing a robust regulatory framework and governance practices to ensure better utility performance.
Author: Ahmed Naciri Publisher: Routledge ISBN: 1134087888 Category : Business & Economics Languages : en Pages : 545
Book Description
The last Asian financial crisis, coupled with the western series of corporate scandals, has caused investors and citizens to doubt mangers ability to guarantee credible financial information about organizations. Consequently, legislators all over the world have come to realise the necessity of legislating in the area of corporate governance.
Author: Malla Praveen Bhasa
Author: Malla Praveen Bhasa
Author: Vasudha Joshi
Author: Randall K. Morck
Author: Praveen B. Malla
Author: 
Author: Bidyut Chakrabarty
Author: PRASAD, KESHO
Author: Sheoli Pargal
Author: Fernando A.C.
Author: Ahmed Naciri