Corporate Governance: The Indian Scenario

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Foundation Books, 2004 - Business & Economics - 165 pages
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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.
 

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Contents

Major Corporate Governance Systems
13
AngloAmerican Corporate Governance System
28
A Review
72
The Topmost Internal Governance Mechanism
91
Much Ado About Nothing?
121
Political Economy of Indian Corporate Governance
142
Bibliography
156
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