Business Ethics and Corporate Governance, Second Edition

PERCEPTIONAL DIFFERENCES IN DEFINITIONS

We have seen several definitions of corporate governance and any intelligent reader would not have failed to note the fact that even while all of them emphasize the importance of ensuring good corporate governance practices for the good of the economy and the nation, there is a perceptible difference in the emphasis they lay in terms of objectives, goals and the means and tools to achieve and realize it. In this context, it will be appropriate to recall the contention of many writers of the history of economic thought. Having gone through the chequered history and development of economic thought with their profound impact on the policy formulations and functioning of economies worldwide, they come to the ...