Have the boards at Indian companies become more independent & effective
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Last Updated: Apr 18, 2021, 02:07 PM IST
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Synopsis
The basic tenets of corporate governance as embodied in the rights and responsibilities of executive management, board and shareholders are the same across countries and regions, writes Vidhu Shekhar.
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Corporate governance issues faced by minority investors often depend on the type of ownership and control exercised by controlling shareholders, according to Vidhu Shekhar.
Independent directors have come under a great deal of attention in the past few years. In India, the trend started with the Satyam fraud, where independent directors were seen to have failed spectacularly to do what they were supposed to do. The Satyam case study was India’s contribution to the rich literature on corporate failures that included other famous names such as Enron and Parmalat.
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