Business Ethics and Corporate Governance, Second Edition

SUMMARY

The foregoing analysis of the emergence of corporate governance traces the chequered history through which governance issues have been highlighted, shaped and refined, and the long road it has to traverse to acquire some degree of perfection. The worldwide movement for better corporate governance practices progressed between 1985 and 1997. The harbinger of the initiatives in this direction was the oft-quoted Cadbury Committee Report in the United Kingdom in 1992. Such initiatives being few and far between, most companies, be they global or Indian, knew little of what the phrase ‘corporate governance’ meant and cared even less for its implications. More recently, the first major stimulus for corporate governance reforms came after the ...