Business Environment, 4th Edition by Pearson

Corporate Governance | 457

Worldcom have fallen under the weight of poor corporate governance. This should

open our eyes to the fact that Indian companies, however big, need to follow good

corporate governance practices to stay afloat.

Issues of corporate governance have been hotly debated in the United States

and Europe over the last decade or two. In India, these issues have come to the

force only in the last couple of years. For example, the corporate governance

code proposed by the CII is modelled on the lines of the Cadbury Committee

(Cadbury, 1992) in the United Kingdom. On account of the interest generated

by the Cadbury Committee Report, ...