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Corporate Governance Failure in India: A Study of Academicians Perception

The IUP Journal of Corporate Governance, Vol. 9, Nos. 1 & 2, pp. 99-112, January & April 2010

Posted: 25 Jan 2010  

Gurbandini Kaur

All India Management Association

Richa Mishra

India Tourism Development Corporation

Date Written: January 25, 2010

Abstract

Corporate governance has been gaining momentum across the world due to corporate failures, unethical business practices and insufficient disclosures. 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 mindset and manifold regulations, are some reasons responsible for increase in the 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 a highly committed workforce to observe good corporate governance in practice. Thus, a major responsibility lies on the shoulders of academicians who are considered as intellectuals in imparting the concept of corporate governance in the minds of young professionals. The study aims to understand the perception of academicians regarding reasons for failure of corporate governance in India.

Suggested Citation

Kaur, Gurbandini and Mishra, Richa, Corporate Governance Failure in India: A Study of Academicians Perception (January 25, 2010). The IUP Journal of Corporate Governance, Vol. 9, Nos. 1 & 2, pp. 99-112, January & April 2010. Available at SSRN: https://ssrn.com/abstract=1541764

Gurbandini Kaur (Contact Author)

All India Management Association ( email )

14 Institutional Area, Lodhi Road
Delhi, Delhi 110003
India

Richa Mishra

India Tourism Development Corporation ( email )

Scope Complex, Lodhi Road, New DElhi
Delhi, delhi
India

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