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Anju Seth

In: Good Governance, Democratic Societies and Globalisation

Chapter 15: Corporate Governance Systems: An Integrative Model and Implications for India

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Corporate Governance Systems: An Integrative Model and Implications for India
Corporate governance systems: An integrative model and implications for India
AnjuSeth1
Introduction

The recent economic crises in various countries around the world have underscored the importance of the link between corporate governance and economic prosperity. For example, an examination of the causes and consequences of the Asian economic crisis in the late 1990s indicates the need for reforms in the corporate governance systems of numerous countries including Thailand, the Philippines, Malaysia, Indonesia and South Korea (Scott 1998). Similarly, the present downturn in the United States stock market can be traced in large part to a crisis of investor confidence in the prevailing governance system and attendant concerns about misappropriation of funds by those who control corporate decision-making. In ...

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