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Corporate Governance & Independent Directors: An Analysis
It is important for the company to consider the fact that stakeholders have different interests and knowledge about the company. The agents’ main channel to reach out the information to the principals is through the annual reports. It is a common knowledge that the stakeholders quality of informatio...
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| Format: | Journal Article |
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Abhigyan
2012
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| LEADER | 02030nam a22001337a 4500 | ||
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| 999 | |c 119844 |d 119844 | ||
| 100 | |a Shrawan Kumar Singh |9 46704 | ||
| 245 | |a Corporate Governance & Independent Directors: An Analysis | ||
| 260 | |b Abhigyan |c 2012 | ||
| 300 | |b Vol. 30 No. 3 (October – December 2012) | ||
| 520 | |a It is important for the company to consider the fact that stakeholders have different interests and knowledge about the company. The agents’ main channel to reach out the information to the principals is through the annual reports. It is a common knowledge that the stakeholders quality of information compared to the board and management is different. Do companies tend to keep the information to themselves, rather than being more transparent towards the shareholders? More countries are introducing a code of corporate governance and this could be a signal of its success. The issue of corporate governance has been the focus of increasing attention and debate in India over the past few years. The global governance journey has been a lengthy one—from the 1992 Cadbury Report through the 2003 Combined Code in the UK and the Sarbanes-Oxley Act in the US, initiated after the high-profile corporate scandals of Enron Corp., World Com Inc. and Tyco International, Ltd. In spite of these and many other efforts around the world, there has been strong cause for concern in India and abroad regarding the effectiveness of these initiatives. Some scholars have argued that globalization should pressure firms to adopt a common set of the most efficient corporate governance practices, while others maintain that such convergence will not occur because of a variety of forms of path- dependence. Globalization may have induced the adoption of some common corporate governance standards but that there is little evidence that these standards have been implemented. | ||
| 650 | |a CADBURY REPORT; |a SEBI; |a CODE OF CONDUCT; |a SATYAM |9 46799 | ||
| 942 | |c JA | ||
| 952 | |0 0 |1 0 |4 0 |7 0 |9 116600 |a MGUL |b MGUL |c JA |d 2016-11-28 |l 0 |r 2016-11-28 |w 2016-11-28 |y JA | ||