Culture and Corporate Governance Principles in India : Reconcilable Clashes?

World Bank

Washington, DC

关键词: ACCESS TO CAPITAL;    ACCOUNTABILITY;    ACCOUNTING;    ACCOUNTING STANDARD;    ACQUISITIONS;   

RP-ID  :  64589

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The structures, institutions, and legalframework of corporate governance are developed andadministered by individuals whose behaviors are shaped bycultural and personal concepts of hope, ambition, greed,fear, uncertainty, and hubris, as well as by the socialethos. A problem arises when these influences do not conformto the regulatory prescriptions of corporate governance.This private sector opinion explores the dynamics of cultureand corporate governance in India by calling attention tothree areas where the clashes are strongest: related-partytransactions, the promoter's or largeshareholder's actions, and the board'snominations, deliberations, and effectiveness.