A Comparative Study of Male Female Academician’s Perception of Reasons for Failure of Corporate Governance

Abstract

Corporate Governance has been gaining momentum across the world due to miserable corporate failures, unethical business practices and insufficient disclosure etc. Corporate Governance depends upon two factors. First is the commitment of the management for the principles of integrity and transparency in the business operations and the second are the legal and administrative framework created by the Govt.

It has been observed that corporate frauds have increased in frequency, intensity and magnitude. The prevailing inequality, glorification of greed, lack of concern for society, feudal mind set and manifold regulations etc. are some of the reasons responsible for increase in rate of scams. Though a lot of new standards have been set, changes in accounting and reporting have been made, with a focus on the process of enforcement and compliance, but the need of the hour is to build highly committed workforce to observe good corporate governance in practice. Thus the major responsibility lies on the shoulders of academicians who are considered as real intellectuals in imparting the concept of corporate governance in the mind of young professionals. Thus the study aims to compare the perception of male, female academicians regarding reasons for failure of corporate governance in India.

Keywords: Corporate Governance, Transparency, Unethical business practices, Securities and Exchange Board of India (SEBI, Confederation of Indian Industries (CII), Ethics