Addressing Some Inherent Challenges to Good Corporate Governance

Balasubramanian, Bala N.

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Addressing Some Inherent Challenges to Good Corporate Governance

The Indian Journal of Industrial Relations, Vol. 44, No. 4, April 2009

26 Pages Posted: 23 Aug 2009

See all articles by Bala N. Balasubramanian

Bala N. Balasubramanian

Indian Institute of Management Ahmedabad; Formerly IIM Bangalore - Centre for Corporate Governance and Citizensip; Indian Institute of Management Ahmedabad

There are 2 versions of this paper

Date Written: April 11, 2009

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 over-regulation that might impair entrepreneurial potential? These are some of the nagging issues this paper explores and offers some radical suggestions for consideration.

Keywords: Corporate Governance, Boards, Dominant Shareholders, Shareholder Democracy, Interested Shareholders, Shareholders Negatively Impacted, Corporate Democracy, Non-aligned Directors, Principal-Agent Paradigm, Corporations, Public Policy, Regulation

JEL Classification: G34, G38

Suggested Citation: Suggested Citation

Balasubramanian, Bala N., Addressing Some Inherent Challenges to Good Corporate Governance (April 11, 2009). The Indian Journal of Industrial Relations, Vol. 44, No. 4, April 2009, Available at SSRN: https://ssrn.com/abstract=1458913