Corporate governance in India: Moving gradually from a regulatory model to a market-driven model - A survey

被引:0
|
作者
Sehgal, Amitha [1 ,2 ]
Mulraj, J. [3 ]
机构
[1] 7-14 Borla Co Operat Housing Soc,CP Gidwan Rd, Mumbai 400074, Maharashtra, India
[2] Univ Mumbai, RA Podar Coll, Business, Bombay, Maharashtra, India
[3] Bombay Stock Exchange, Bombay, Maharashtra, India
关键词
corporate governance; India; stock market; reforms; Clause; 49; board practices; minority shareholders;
D O I
10.1057/jdg.2008.9
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
The economic crises of 1991 forced India to reassess its protectionist, closed economy system. Globalisation was the imminent choice. The opening up and integration of the Indian economy with the rest of the world brought a dramatic change in its business environment and governance standards. The Indian stock markets matured and we have witnessed a tremendous interest among international investors in entering this emerging market. This paper traces the history of corporate governance in India and discusses key unresolved issues against the backdrop of sweeping reforms in the stock market structure, systems and regulation.
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页码:205 / 235
页数:31
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