Skip to Main Content
Corporate Governance and Economic Development
book

Corporate Governance and Economic Development

by Anna Lanoszka
July 2022
Intermediate to advanced content levelIntermediate to advanced
196 pages
7h 36m
English
Routledge
Content preview from Corporate Governance and Economic Development

5The Importance of the Family – Lessons From India

DOI: 10.4324/9780429443459-5

In principle India’s corporate governance system is based on the model that focuses on shareholders with directors assigned clear fiduciary duties and commitments made to high disclosure, transparency, and accountability standards. In practice, the corporate governance practices had been compromised by the perseverance of powerful conglomerates with preference for autonomous and informal management structures. India’s business groups continue to derive benefits from concentrated ownership, informal family-based management structures, subsidiaries organized as pyramid schemes, and the historically constructed relationship with government officials. The persistence ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Economic and Business Management

Economic and Business Management

Xiaoxia Huang, Feng Zhang
The Innovative Business School

The Innovative Business School

Daphne Halkias, Michael Neubert, Paul W. Thurman, Chris Adendorff, Sameh Abadir

Publisher Resources

ISBN: 9780429812125