Culture and Corporate Governance Principles in India : Reconcilable Clashes?

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collection.link.195
https://openknowledge.worldbank.org/handle/10986/9426
collection.name.195
Private Sector Opinion
dc.contributor.author
World Bank
dc.date.accessioned
2012-08-13T14:03:17Z
dc.date.available
2012-08-13T14:03:17Z
dc.date.issued
2011-01
dc.date.lastModified
2017-12-13T11:57:49Z
dc.description.abstract
The structures, institutions, and legal framework of corporate governance are developed and administered by individuals whose behaviors are shaped by cultural and personal concepts of hope, ambition, greed, fear, uncertainty, and hubris, as well as by the social ethos. A problem arises when these influences do not conform to the regulatory prescriptions of corporate governance. This private sector opinion explores the dynamics of culture and corporate governance in India by calling attention to three areas where the clashes are strongest: related-party transactions, the promoter's or large shareholder's actions, and the board's nominations, deliberations, and effectiveness.
en
dc.identifier
http://documents.worldbank.org/curated/en/2011/01/15107208/culture-corporate-governance-principles-india-reconcilable-clashes
dc.identifier.uri
http://hdl.handle.net/10986/11070
dc.language
English
dc.publisher
Washington, DC
dc.relation.ispartofseries
Private Sector Opinion; No. 23
dc.rights
CC BY-NC-ND 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject
ACCESS TO CAPITAL
dc.subject
ACCOUNTABILITY
dc.subject
ACCOUNTING
dc.subject
ACCOUNTING STANDARD
dc.subject
ACQUISITIONS
dc.subject
ALLEGIANCE
dc.subject
AMBITION
dc.subject
AUDIT COMMITTEES
dc.subject
BAD FAITH
dc.subject
BANKRUPTCY
dc.subject
BOARD MEETINGS
dc.subject
BORDER MERGERS
dc.subject
BROKERAGE
dc.subject
BUSINESS LAW
dc.subject
BUSINESS OPPORTUNITY
dc.subject
CAPITAL MARKETS
dc.subject
CASH FLOW
dc.subject
CHIEF EXECUTIVE
dc.subject
COLLECTIVE
dc.subject
COMMODITIES
dc.subject
COMPANIES ACT
dc.subject
COMPANY
dc.subject
CONFLICT OF INTEREST
dc.subject
CONSENSUS
dc.subject
CONTROLLING SHAREHOLDERS
dc.subject
CORPORATE BEHAVIOUR
dc.subject
CORPORATE ENTITIES
dc.subject
CORPORATE ENTITY
dc.subject
CORPORATE FINANCE
dc.subject
CORPORATE FORM
dc.subject
CORPORATE GOVERNANCE
dc.subject
CORPORATE GOVERNANCE PRINCIPLES
dc.subject
CORPORATE GOVERNANCE REFORM
dc.subject
CORPORATE GOVERNANCE REFORMS
dc.subject
CORPORATE LAW
dc.subject
CORPORATE SOCIAL RESPONSIBILITY
dc.subject
CORPORATE WRONGDOING
dc.subject
CORRUPTION
dc.subject
CREDIBILITY
dc.subject
DEBT
dc.subject
DECISION-MAKING
dc.subject
DECISION-MAKING PROCESSES
dc.subject
DEEDS
dc.subject
DELAWARE
dc.subject
DERIVATIVE
dc.subject
DEVELOPING COUNTRIES
dc.subject
DISCLOSURE
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC REFORMS
dc.subject
EMERGING ECONOMIES
dc.subject
EMERGING MARKETS
dc.subject
ENACTMENT
dc.subject
ENFORCEMENT MECHANISMS
dc.subject
ENVIRONMENTAL ISSUES
dc.subject
ENVIRONMENTAL RISKS
dc.subject
EXCHANGE BOARD
dc.subject
EXPORTER
dc.subject
FAMILY BUSINESS
dc.subject
FAMILY BUSINESSES
dc.subject
FAMILY FIRMS
dc.subject
FINANCE COMPANIES
dc.subject
FINANCE CORPORATION
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL SECTOR
dc.subject
FIRM PERFORMANCE
dc.subject
FIRM-LEVEL CORPORATE GOVERNANCE
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN INSTITUTIONAL INVESTORS
dc.subject
FOREIGN INVESTORS
dc.subject
FRAUD
dc.subject
FREE PRESS
dc.subject
GLOBAL CAPITAL
dc.subject
GLOBAL CAPITAL MARKETS
dc.subject
GLOBAL CORPORATE GOVERNANCE
dc.subject
GLOBAL PRIVATE SECTOR
dc.subject
GLOBAL STANDARDS
dc.subject
GLOBALIZATION
dc.subject
GOOD CORPORATE GOVERNANCE
dc.subject
GOVERNANCE CHALLENGES
dc.subject
GOVERNANCE ISSUES
dc.subject
GOVERNANCE PRACTICE
dc.subject
GOVERNANCE PRACTICES
dc.subject
GROUP COMPANIES
dc.subject
HARMONIZATION
dc.subject
HOLDING
dc.subject
HOLDINGS
dc.subject
INCOME
dc.subject
INCOME TAX
dc.subject
INDEPENDENT DIRECTOR
dc.subject
INDEPENDENT DIRECTORS
dc.subject
INDIVIDUALS
dc.subject
INEQUALITY
dc.subject
INFORMATION TECHNOLOGY
dc.subject
INSTITUTIONAL INVESTORS
dc.subject
INSURANCE
dc.subject
INTERNATIONAL FINANCE
dc.subject
INTERNATIONAL LAW
dc.subject
INVESTMENT BANKING
dc.subject
INVESTMENT OPPORTUNITY
dc.subject
LARGE SHAREHOLDER
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL PROTECTION
dc.subject
LEGAL TRADITIONS
dc.subject
LIBERALIZATION
dc.subject
LIFE INSURANCE
dc.subject
LIFE INSURANCE COMPANY
dc.subject
LIMITED
dc.subject
LOCAL GOVERNANCE
dc.subject
LOCAL INSTITUTIONS
dc.subject
LTD.
dc.subject
MANAGERS
dc.subject
MARKET REGULATION
dc.subject
MARKET VALUES
dc.subject
MINORITY SHAREHOLDER
dc.subject
MINORITY SHAREHOLDERS
dc.subject
MISMANAGEMENT
dc.subject
MONETARY FUND
dc.subject
MORAL VALUES
dc.subject
MULTINATIONAL CORPORATIONS
dc.subject
MUTUAL FUNDS
dc.subject
OWNERSHIP CONCENTRATION
dc.subject
POLITICAL ECONOMY
dc.subject
POLITICIANS
dc.subject
PREFERENTIAL TREATMENT
dc.subject
PRIVATE EQUITY
dc.subject
PROPERTY RIGHTS
dc.subject
PROXY
dc.subject
REGULATORS
dc.subject
REGULATORY FRAMEWORK
dc.subject
REGULATORY STANDARDS
dc.subject
REGULATORY SYSTEM
dc.subject
REPUTATION
dc.subject
RESERVE
dc.subject
RESERVE BANK
dc.subject
RETURNS
dc.subject
RETURNS ON EQUITY
dc.subject
SCANDAL
dc.subject
SECURITIES
dc.subject
SECURITIES EXCHANGE
dc.subject
SECURITIES MARKET
dc.subject
SECURITIES MARKETS
dc.subject
SHARE PRICES
dc.subject
SHARE VALUATION
dc.subject
SHAREHOLDER
dc.subject
SHAREHOLDER APPROVAL
dc.subject
SHAREHOLDER ENGAGEMENT
dc.subject
SHAREHOLDER VALUE
dc.subject
SHAREHOLDER VOTE
dc.subject
SHAREHOLDER VOTES
dc.subject
SHAREHOLDERS
dc.subject
SOCIAL NORMS
dc.subject
SOCIAL RESPONSIBILITY
dc.subject
SOCIAL RISKS
dc.subject
SOCIETIES
dc.subject
SOCIETY
dc.subject
STAKEHOLDER
dc.subject
STAKEHOLDER RELATIONSHIPS
dc.subject
STAKEHOLDERS
dc.subject
STATE ENTERPRISES
dc.subject
STATE GOVERNMENT
dc.subject
STOCK EXCHANGE
dc.subject
STOCK EXCHANGE LISTING
dc.subject
STOCK EXCHANGES
dc.subject
SUBSIDIARY
dc.subject
TAKEOVER
dc.subject
TAKEOVER TARGET
dc.subject
TELECOMMUNICATIONS
dc.subject
THEORY OF CORPORATE GOVERNANCE SYSTEMS
dc.subject
TRANSACTION
dc.subject
TRANSACTION COSTS
dc.subject
TRANSPARENCY
dc.subject
TRUST FUND
dc.subject
TRUSTS
dc.subject
TURNOVER
dc.subject
VALUATIONS
dc.subject
VOTING
dc.subject
WORLD ECONOMY
dc.title
Culture and Corporate Governance Principles in India : Reconcilable Clashes?
en
okr.date.disclosure
2011-09-22
okr.doctype
Publications & Research :: Brief
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2011/01/15107208/culture-corporate-governance-principles-india-reconcilable-clashes
okr.globalpractice
Finance and Markets
okr.globalpractice
Governance
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333038_20110922023336
okr.identifier.internaldocumentum
15107208
okr.identifier.report
64589
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2011/09/22/000333038_20110922023336/Rendered/PDF/645890BRI0Indi00Box0361540B0PUBLIC0.pdf
en
okr.region.administrative
South Asia
okr.region.country
India
okr.topic
Law and Development :: Corporate Law
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Governance :: National Governance
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Governance :: Governance Indicators
okr.unit
Corporate Governance Forum (CSBGF)
okr.volume
1 of 1

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