Challenge of Good Governance in India: Need for Innovative Approaches by Balmiki Prasad Singh * Abstract This paper makes an effort to provide a framework for good governance in India by identifying its essential features and shortcomings in its working and emphasizes need for innovative approaches. No theory of governance could be intelligible unless it is seen in the context of its time. India’s democratic experience of the past six decades has clearly established that good governance must aim at
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important factor. The most advocated board diversity aimed at insuring the board’s independence is not valid across all ownership configurations. From a public policy perspective‚ results provide support for the principles-based approach in governance. Governance regimes should encourage the search for a balance between board diversity and the need for cohesion that best serves the firm’s purpose and obligations. Introduction Board’s diversity and its effect on firm performance have been extensively
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Interests in corporate governance‚ specifically in business accountability‚ emerged in 2001-2002 in response to the financial collapses that large companies faced such as Enron in the United States‚ Parmalat in Italy‚ Ahold in Netherlands etc... . Governments and agencies‚ tried to prevent these scandals by issuing laws and regulations such as the Sarbanes–Oxley Act of 2002‚ United States federal law‚ however‚ shortly the interests in good corporate governance was renewed and emphasized after the
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THE CURRENT CRISIS OF INVESTOR CONFIDENCE: CORPORATE GOVERNANCE AND THE IMBALANCE OF POWER By Richard L. Wise Master’s Thesis submitted in partial fulfillment of graduation requirements of the Fletcher School of Law and Diplomacy ’s Global of Master Arts Program Copyright Richard L. Wise 2002 {K0241737.1} TABLE OF CONTENTS OVERVIEW ...................................................................................................................................................
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TABLE OF CONTENTS GOOD CORPORATE GOVERNANCE 2 • OBSERVANCE OF GOOD CORPORATE GOVERNANCE 3 • FAILURES OF CORPORATE GOVERNANCE 5 CORRUPTION 5 • BENEFITS OF AVOIDING CORRUPT PRACTICES 6 CONCLUSION 8 REFERENCES 9 GOOD CORPORATE GOVERNANCE Governance in the Oxford dictionary is defined as “control or influence”‚ while corporate is defined as “shared by all members of the group”. Therefore corporate governance refers to the structures and processes for the direction and control of members
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Does the Corporate Governance Maximise Shareholders’ Wealth? | ITV PLC | | | | | Introduction/Key Objectives The main purpose of this report is to find out whether Corporate Governance (CG) does maximise shareholders’ wealth within a selected company. ITV PLC is the selected company for this report; their Annual Report (AR) 2011 will be used for statistical evidence. Also‚ existing theories will be applied to ITV PLC for qualitative evidence. Recommendations and advice will be given
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201 Corporate Governance: An International Review‚ 2013‚ 21(3): 201–224 Does “Good” Corporate Governance Help in a Crisis? The Impact of Country- and Firm-Level Governance Mechanisms in the European Financial Crisis Marc van Essen*‚ Peter-Jan Engelen‚ and Michael Carney ABSTRACT Manuscript Type: Empirical Research Question/Issue: We examine the effects of firm- and country-level “good” corporate governance prescriptions on firm performance before and during the recent financial crisis
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Theories of Corporate Governance Agency Theory • • • Separation of ownership from control Dispersed ownership structure – no single shareholder has the power to control management Economic theory suggest that managers will act in their own self interest instead of maximizing shareholders’ return Stewardship Theory Managers are good stewards of corporations and diligently work to attain high levels of corporate profit and shareholders’ returns • Different
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Good governance is an indeterminate term used in international development literature to describe how public institutions conduct public affairs and manage public resources. Governance is "the process of decision-making and the process by which decisions are implemented (or not implemented)".[1] The term governance can apply to corporate‚ international‚ national‚ local governance[1] or to the interactions between other sectors of society. The concept of "good governance" often emerges as a model
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Corporate Governance Corporate Governance Corporate governance is concerned with set of principles‚ ethics‚ values‚ morals‚ rules regulations‚ & procedures etc. Corporate governance establishes a system whereby directors are entrusted with duties and responsibilities in relation to the direction of the company’s affairs. The term “governance” means control i.e. controlling a company‚ an organization etc or a company & corporate governance is governing or controlling the corporate bodies
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