Board Independence & Corporate Governance in India: Recent Trends & Challenges Ahead
Published: 2009
Author(s) Name: Jayati Sarkar
Locked
Subscribed
Available for All
Abstract
The failure to detect internal crisis
early on and act in a timely manner
to put the organization back on
track before difficulties become
irreversible engages the attention
of analysts the worldwide. In India
too, the renewed focus on the
functioning of corporate boards
along with a debate on the rights
and responsibilities of board
members followed the disclosure
failures at Satyam Computer
Services. This paper examines
some important policy issues
related to board independence
based on “lessons of experience”
from implementing board reforms
across the countries including
India. The paper seeks to put in
perspective the progress made in
India regarding the adoption of
international best practices for the
constitution and functioning of
independent boards.
Keywords : Functioning of Independent Board, International best practices
View PDF