Regulatory Framework: to ensure corporate governance:

May 29th, 2015
Studypool Tutor
Abilene Christian University
Price: $20 USD

Tutor description

The absence of a corporate-governance framework exacerbated the situation. Government accountability was minimal, and the few private companies that remained on India's business landscape enjoyed free reign with respect to most laws; the government rarely initiated punitive action, even for nonconformity with basic governance laws. (62) Boards of directors invariably were staffed by friends or relatives of management, and abuses by dominant shareholders and management were commonplace.

Word Count: 882
Showing Page: 1/2
III. HISTORY OF CORPORATE GOVERNANCE IN INDIA A. PRE-LIBERALIZATION When India attained independence from British rule in 1947, the country was poor, with an average per-capita annual income under thirty dollars. (49) However, it still possessed sophisticated laws regarding "listing, trading, and settlements." (50) It even had four fully operational stock exchanges. (51) Subsequent laws, such as the 1956 Companies Act, further solidified the rights of investors. (52) In the decades following India's independence from Great Britain, the country turned away from its capitalist past and emb

Review from student

Studypool Student
" Thanks for the help. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors