- Subject index
‘This collection of essays by a number of scholars from India and Europe addresses economic, political and social issues of great contemporary significance. The most attractive feature of the volume is the comparative and inter-disciplinary approach which gives it its distinctive orientation. Munshi and Abraham have held diverse but important themes together in an exemplary manner’
- Andre Beteille, Chairman, Centre for Studies in Social Sciences, Kolkata
‘This is an outstanding book on an issue easier talked about than acted upon. The editors have brought together in this rich volume a wide variety of essays which focus on India and Europe and clarify that it is necessary to contextualise good governance. The comparative perspective has the additional advantage of extending the analysis beyond the realm of the ...
Chapter 15: Corporate Governance Systems: An Integrative Model and Implications for India
Corporate Governance Systems: An Integrative Model and Implications for India
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 ...