Business Environment, 1st Edition by Pearson

Chapter 28: Corporate Governance in India | 355 |

The fi gure for UK grew particularly fast; 4 years earlier, it had been

just 55 per cent. It seems that the business stress on ethics is a very

Anglo-American phenomenon. As these two countries are arguably

the trendsetters in the global economy, their way of doing business

would eventually affect the rest of the world and, with innovations

and modifi cations to suit different countries and markets, could even

become the global norm.

In India too, there are several examples to illustrate the

positive relationship between corporate governance and corporate

performance, though this is the case with fewer companies and there

is a long road to traverse for the entire Indian corporate sector as ...