17

The Role of the Government in Ensuring Corporate Governance

CHAPTER OUTLINE
  • Introduction
  • Different Roles of Government in the Economy
  • State Intervention in a Developing Economy
  • Public Governance and Corporate Governance
  • Political Governance Requires Restraints of Power
  • Public Versus Corporate Governance—A Study of Comparison

Introduction

Taking the cue from the classical economists, die-hard admirers of capitalism often aver that “the government should get out of the way and let the market function”. Of course, that idea is a myth. Government is absolutely essential in setting up of a market economy. Without rules and structures of a binding nature, anarchy will be the outcome. “Under such conditions business becomes nothing but ‘casino ...

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