It gives me great pleasure to place Corporate Governance: Principles, Policies and Practices in the hands of teachers, students and other interested readers. As a college teacher of economics, I developed an interest in India’s industrial growth and all connected issues. After almost two decades as a professor, I moved to industry and was able to observe, at close quarters, how companies were run and how often they were misgoverned.

This exposure to developments in the corporate world prompted me to pen a well-received article “Corporate Governance—The Time for a Metamorphosis” in The Hindu in July 1997. Corporate governance was, at this time, gaining currency among stakeholders. When I returned to academics soon thereafter, I got an ...

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