文档介绍：Orient Longman Economics
Corporate Governance and
the Indian Private Sector
Jairus Banaji and Gautam Mody
Corporate Governance and the Indian Private Sector is the first extensive study of corporate governance issues in the
Indian market in the period coinciding with the release of the SEBI guidelines early in 2000. Conducted by two visiting
fellows of the University of Oxford over a period of two and a half years (1998–2000), the study examines the issue of
corporate governance in the context of large private panies in India, against a changing regulatory
background and mounting public concern.
Based on over 170 interviews with a very wide range of business representatives including CEOs, non-executives,
fund managers and audit firms, the study highlights
Ø the ineffectiveness of boards in panies
Ø the lack of transparency surrounding transactions within business groups
Ø the divergence of Indian accounting practices from international standards, and
Ø the changing role of, and controversy surrounding, institutional shareholders.
The study consists of two reports:
Ø The first report deals with the results of interviews on the main issues in question (boards, accounting and disclo-
sure standards, institutional investors).
Ø The second report examines the fragmented nature of corporate regulation in India and the need for consistency
at this level