Regulation in Corporate Governance & Elsewhere: The Continuing Debate

CORPORATE GOVERNANCE: AN EMERGING SCENARIO, pp. 60-96, Bala N. Balasubramanian and Deepak M. Satwalekar, eds., National Stock Exchange of India Limited, December 2010

26 Pages Posted: 30 May 2011

See all articles by Chiranjib Sen

Chiranjib Sen

Indian Institute of Management (IIMB), Bangalore - Department of Economics and Social Sciences

Bala N. Balasubramanian

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

Date Written: December 1, 2010

Abstract

This paper traces in part the changes in the nature and extent of the regulatory role of the government over the years, and takes a look at some of the general principles which form the basis of regulation. We first review the market regulation scenario preceding and following the 2008 financial meltdown, and then turn to a consideration of the regulatory scenario in the corporate sector with particular reference to India. We conclude that a better alignment of self-regulation mechanisms with corporate governance would mutually reinforce their strengths, and would provide a more sound institutional foundation for market systems. Firms - alongside other actors such as industry associations, citizen groups, and professional societies - could develop appropriate regulatory rules within a transparent and accountable framework.

Suggested Citation

Sen, Chiranjib and Balasubramanian, Bala N., Regulation in Corporate Governance & Elsewhere: The Continuing Debate (December 1, 2010). CORPORATE GOVERNANCE: AN EMERGING SCENARIO, pp. 60-96, Bala N. Balasubramanian and Deepak M. Satwalekar, eds., National Stock Exchange of India Limited, December 2010, Available at SSRN: https://ssrn.com/abstract=1855198

Chiranjib Sen

Indian Institute of Management (IIMB), Bangalore - Department of Economics and Social Sciences ( email )

Bannerghatta Road
Bangalore, Karnataka 560 076
India
91-80-663 2450 (Phone)
91-80-6644050 (Fax)

Bala N. Balasubramanian (Contact Author)

Indian Institute of Management Ahmedabad ( email )

Vastrapur
Ahmedabad, Gujarat
India
+919167036140 (Phone)

Formerly IIM Bangalore - Centre for Corporate Governance and Citizensip ( email )

Bannerghatta Road
Bangalore, Karnataka 560076
India

Indian Institute of Management Ahmedabad ( email )

Vastrapur
Ahmedabad, Gujarat
India
+919167036140 (Phone)

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