Business Ethics and Corporate Governance, Second Edition

CORPORATE INITIATIVES

Several studies have pointed out that the movement to introduce corporate governance practices in the country has achieved commendable progress. In fact, the country has evolved a system and structure of corporate governance considered to be one of the best among all developing countries. Unlike several other emerging markets, Indian companies maintain their shareholding patterns, making it possible to identify the ownership affiliation of each firm easily. ‘It is by and large a hybrid of the “outsiders” systems, and “insiders systems” of corporate governance.’

‘The legal framework for all corporate activities including governance and administration of companies, disclosures, shareholders’ rights, dividend announcements ...