Business Environment, 1st Edition by Pearson

Chapter 28: Corporate Governance in India | 347 |

investments to management; (iii) Disciplining and replacement

of bad management; (iv) Enhancing corporate performance;

(v) Transparency; (vi) Shareholder activism; (vii) Investor

protection; (viii) Improving access to capital markets; (ix)

Promoting long-term investment; and (x) Encouraging innovation.

According to the World Bank, corporate governance can be

defi ned from two aspects—corporation and public policy. From

the corporation perspective, corporate governance is relationship

between owners, management board and other stakeholders (the

employers, customers, suppliers, investors and communities),

where the emphasis is given to the board of directors to balance

their interests to achieve ...