CORPORATE MIS-GOVERNANCE- CAUSES AND REMEDIES

CORPORATE MIS-GOVERNANCE- CAUSES AND REMEDIES

 

Prof Dr.V.BALACHANDRAN*

ABSTRACT

Corporate Governance forms part of a broader international effort to promote increased transparency, integrity and the rule of law.  A good corporate governance regime helps corporates to augment the resources easily from capital market as they enjoy good brand. No doubt with good will built over years, corporates endeavour to achieve excellence in all its spheres.  Corporate governance is about promoting corporate fairness, transparency and accountability. Corporate governance is a key element in enhancing investor confidence, promoting competitiveness, and ultimately improving economic grow.

The nature of the corporate governance problems that countries face varies over time and between countries. One factor of importance is ownership structure, as it defines the nature of principal-agent issues. Another factor is group-affiliation, which is especially important in emerging markets.   It would be appropriate to mention that corporate crimes and irregularities in European and western countries are being dealt with sternly and as a result of which the decisions are taken fast and quicker. The business community has also made efforts to establish its rights by pointing out the cases of over-regulation by a regulatory body.  The corporates though have laudable principles, norms and code of conduct, but are not being practiced. This is evidenced by closure of big corporate houses creating an economic imbalance. The legal enactments have not been adhered in total and everywhere stakeholders noticed flouting of norms, procedures and deviations from the ethical practices by the corporates.

 

Keywords: Corporate Governance, ownership structure, Group affiliation, transparency, Accountability. 

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Registrar i/c and Professor, Faculty of Management, Alagappa University, Karaikudi, Tamilnadu, India.          Email:drvbchand@gmail.com

 

Corporate MIS-Governance – Causes and Remedies

Prof. Dr. V. Balachandran, Registrar i/c and Professor, Faculty of Management, Alagappa University, Karaikudi, Tamilnadu, India.          Email:drvbchand@gmail.com

 

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