Business Ethics and Corporate Governance, Second Edition

BETTER PUBLIC GOVERNANCE CAN ACCELERATE CORPORATE GOVERNANCE

Public governance can also bring in greater discipline for better corporate governance by nurturing the appropriate external environment in which an enterprise operates. Presently in India we have the Securities and Exchange Board of India (SEBI), to regulate stock exchanges. We also have the Companies’ Act for governing the operations of business enterprises. Based on the experience gained, the rules and regulations relating to business are being constantly revised.

Based on the past experience, corrections have to be made in public governance and regulation of business. In the stock exchanges of the United States in the 1980s and 1990s, there were a series of scams such as insider ...