A Comparitive Study of Corporate Governance in India and Companies Around the World
A COMPARITIVE STUDY OF CORPORATE GOVERNANCE IN INDIA AND COMPANIES AROUND THE WORLD
SHAKTI SINGAL-2010A58 DIVYA CHADHA-2010A60 UJJWAL SINGH -2010A62
Under the Guidance of MR.SHREEDHAR BHAT
SYMBIOSIS CENTRE FOR MANAGEMENT AND HUMAN RESOURCE DEVELOPMENT, SYMBIOSIS INTERNATIONAL UNIVERSITY
ACKNOWLEDMENT
This project would not have been possible without the help and support of Mr. Shreedhar Bhat, our mentor for the project. Our deepest gratitude goes out to him for guiding us at various stages with attention and care. He has taken pain to go through our project and make the necessary changes when required. We extend our thanks to Prof. K. S. Subramanian - Director, SCMHRD for extending his support to us. We would also thank our institute and our faculty members without whom this project would have been a distant reality, and a deep sense of gratitude goes out to our friends and family for their constant support and love.
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TABLE OF CONTENTS Serial No. 1 Particulars Page No.
Introduction Definition of Corporate Governance
4 4
2.
Literature Review Basic Structure Corporate Governances roles and responsibilities Benefits of Corporate Governance Corporate Governance in India Background of Corporate Governance in India Changes since liberalization Corporate Governance in Indian Banks Corporate Governance in Public Sector Units in India Corporate Governance in Private Sector Units in India 1. ITC 2. Bajaj Auto ltd 3. Hindustan Unilever
5 5 5 7 7 8 8 10 11 12
12 13 14
3. Analysis and Conclusion Shortcomings of Corporate Governance practices in India as compared to other developed Countries Comparison of Corporate Governance Practices followed in India and China Comparison of Corporate Governance Practices followed in India and US Comparison of Corporate Governance Practices followed in India and 6 other Asian Countries Comparison of Corporate Governance Practices in India and OECD Comparison of Corporate Governance Practices
SHAKTI SINGAL-2010A58 DIVYA CHADHA-2010A60 UJJWAL SINGH -2010A62
Under the Guidance of MR.SHREEDHAR BHAT
SYMBIOSIS CENTRE FOR MANAGEMENT AND HUMAN RESOURCE DEVELOPMENT, SYMBIOSIS INTERNATIONAL UNIVERSITY
ACKNOWLEDMENT
This project would not have been possible without the help and support of Mr. Shreedhar Bhat, our mentor for the project. Our deepest gratitude goes out to him for guiding us at various stages with attention and care. He has taken pain to go through our project and make the necessary changes when required. We extend our thanks to Prof. K. S. Subramanian - Director, SCMHRD for extending his support to us. We would also thank our institute and our faculty members without whom this project would have been a distant reality, and a deep sense of gratitude goes out to our friends and family for their constant support and love.
2
TABLE OF CONTENTS Serial No. 1 Particulars Page No.
Introduction Definition of Corporate Governance
4 4
2.
Literature Review Basic Structure Corporate Governances roles and responsibilities Benefits of Corporate Governance Corporate Governance in India Background of Corporate Governance in India Changes since liberalization Corporate Governance in Indian Banks Corporate Governance in Public Sector Units in India Corporate Governance in Private Sector Units in India 1. ITC 2. Bajaj Auto ltd 3. Hindustan Unilever
5 5 5 7 7 8 8 10 11 12
12 13 14
3. Analysis and Conclusion Shortcomings of Corporate Governance practices in India as compared to other developed Countries Comparison of Corporate Governance Practices followed in India and China Comparison of Corporate Governance Practices followed in India and US Comparison of Corporate Governance Practices followed in India and 6 other Asian Countries Comparison of Corporate Governance Practices in India and OECD Comparison of Corporate Governance Practices