Some Inherent Challenges to Good Corporate Governance
Published: 2009
Author(s) Name: N. Balasubramanian
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Abstract
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.
Keywords : Governance freamework, Best practices
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