May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Chapter 28: Corporate Governance in India | 361 |
(iv) Role of institutional investors: Institutional investors acting in
a fi duciary capacity do not play effective role. They should be
made to form a comprehensive corporate governance policy,
including voting and board representation. There have been
several instances in the Indian corporate history wherein thou-
sands of poor investors have lost their hard-earned money,
because the institutional nominees on the boards did not play
other roles honestly.
(v) Indian boards exhibit poor professionalism: The corporate
governance reforms in India have been mostly on paper. This
is very much refl ected in the fact that most of the so-called
“independent directors” are nominated by the ...
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