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Balasubramanian, N.
- Corporate Ethics & Governance in an Inclusive Growth Framework
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Authors
Affiliations
1 Indian Institute of Manangement Bangalore, IN
1 Indian Institute of Manangement Bangalore, IN
Source
Indian Journal of Industrial Relations: Economics & Social Dev., Vol 46, No 4 (2011), Pagination: 571-593Abstract
Inclusivity connotes active participation of the largest number of people in the creation and sharing of wealth and prosperity to the greatest equitable benefit of all. Such wellbeing and happiness are dependent upon the adequate and timely production and delivery of goods and services at affordable prices; this role is assigned by society to firms and individuals to efficiently produce and effectively distribute to the concerned segments of buyers in need. Thus licensed and sanctioned by society, business - especially in the corporate format - has its purpose well set out. Failure to align corporate initiatives with the inclusivity objectives of the state will likely lead to impairment and erosion of corporate freedom of choice to govern itself. This paper explores how business should and could align achievement of its profit-oriented objectives alongside satisfactorily addressing the ever changing societal requirements so as to sustain itself on an ongoing basis creating both national wealth and shareholder returns.References
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- Some Inherent Challenges to Good Corporate Governance
Abstract Views :175 |
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Authors
Affiliations
1 Centre for Corporate Governance & Citizenship, Indian Institute of Management, Bangalore 500076, IN
1 Centre for Corporate Governance & Citizenship, Indian Institute of Management, Bangalore 500076, IN
Source
Indian Journal of Industrial Relations: Economics & Social Dev., Vol 44, No 4 (2009), Pagination: 554-575Abstract
Are corporations, in general, amenable to good governance? Are there inherent incompatibilities between good governance and the corporate format of organizations? How can these be addressed satisfactorily without overregulation that might impair entrepreneurial potential? These are some of the nagging issues being explored in this paper. The author recapitulates the conventional principal - agent paradigm in corporations and flags some of the more important issues that militate against good governance. The paper then deals with the current governance frameworks and identifies some of the countervailing measures that best-practice prescriptions advocate. It then explores a few out-of-the-box measures that might serve as potential enablers of better governance and discusses both their justification and impact.References
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